1. Wheat continued to slide despite news the Agriculture Department accepted bids from several countries to buy U.S. wheat at subsidized prices. 2. Wheat continued to slide on concern U.S. prices are too high to compete with exports from other producers. 3. Wheat continued its recent downward trend, hitting contract lows again on lackluster exports and continuing rain in the U.S. winter-wheat belt. 4. Wheat continued to slide lower on an improved outlook for planting, thanks to rain that has improved soil conditions in the Plains states. 5. Wheat continued to be buoyed by dry weather in the southern Plains states and by declining world wheat stocks. 6. Wheat continued its technically driven rebound after sinking to a series of contract lows last month. 7. Wheat continued to benefit from speculation about a wave of buying. 8. Wheat continued to increase as high temperatures and dry winds in the Southwest further damaged winter wheat that has already been hurt by six months of drought. 9. Wheat continued to get a boost from tighter world supply and decreasing expectations that US growers will be able to cash in on a bumper crop. |
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