Wheat Drops to Two-month Low on Harvest Pressure; Corn Eases

June 26, 2024, 08.47 AM  | Reporter: Syamsul Ashar
Wheat Drops to Two-month Low on Harvest Pressure; Corn Eases

ILUSTRASI. A New Holland combine harvests corn in a field, east of Gayville, South Dakota, U.S., on Thursday, November 12, 2009. Corn fell from a two-week high as a rise in the dollar reduced investment demand for U.S. grain. Photographer: Aaron Packard/Bloomberg

FOOD COMMODITY - SINGAPORE - Chicago wheat futures lost more ground on Wednesday, with the U.S. winter crop harvest adding pressure on prices amid some rain relief for crops in Russia, the world's top exporter.

Corn slid, while soybeans inched higher as the market assessed the impact of floods on crops in the U.S. Midwest.

Read Also: FOREX - US Dollar Sinks to Three Week Low on Signs of Slowing Economy

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