Wednesday, 27 April 2011
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U.S. wheat outlook: Seen lower on hope for benefical rains
U.S. wheat futures are expected to start weaker Wednesday as cooler, wetter weather is expected to ease stress on crops in the Plains region and Europe. Traders predict soft red winter wheat for July delivery, the most-actively traded contract, will open down 14 to 17 cents a bushel at the Chicago Board of Trade. In overnight electronic trading, the contact slid 16 3/4 cents, or 2%, to $8.30 1/4
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