Chicago Board of Trade soybean futures reversed from. Wheat for March delivery was down 3. December live cattle was down. Wheat is also used in animal feed. Wheat followed the firm trend, buoyed by fund short-covering and fears that storms could damage mature wheat in easterly Australia. The crop is one of the most important basic foodstuffs after maize, since it is required to produce bread. Wheat did not become fully established until the 11th century, when white bread emerged.
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Technical Analysis on the Wheat Price - 10th July
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