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Profit-Taking Pressures CBOT Wheat Futures to Fall

by Ivy

On May 24th, Chicago Board of Trade (CBOT) wheat futures rose on Wednesday as traders looked to lock in profits after a strong performance in the previous session. CBOT soybean and corn futures also rose slightly. As of 10:50 Beijing time, CBOT soybeans were up 0.30%, CBOT wheat fell 0.16%, and CBOT corn rose 0.35%. In the previous trading day, CBOT soybean futures had their biggest single-day gain since September 12th of last year.

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