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Wheat fluctuates near $7.30 as Russia-Ukraine diplomacy offsets supply concerns

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  • Wheat traded around $7.30 per bushel amid Russia-Ukraine war and diplomatic developments.
  • USDA’s higher-than-expected global ending stocks encouraged profit-taking among large long-position holders.
  • Russia’s August seaborne grain exports fell 61.9% year-on-year to 2 million tons.
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Wheat fluctuates near $7.30 as Russia-Ukraine diplomacy offsets supply concerns - CoinPost Terminal