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U.S. grains: Wheat rallies on fresh round of purchases by China

Soybeans ended narrowly mixed as traders monitored Brazil weather; corn rose for fifth straight session

Wheat rose after U.S. Department of Agriculture (USDA) confirmed private sales of 198,000 metric tons of U.S. soft red winter wheat to China, the second such sale in as many days. Monday's announcement that China had purchased 440,000 tons of the grain, the largest one-off U.S. wheat export sale to China since at least 2020, added impetus to a recent rally.



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U.S. Grains: Soybeans slide on predicted rains in Brazil

Corn and wheat rise on short covering

Chicago soybean futures fell on Friday as the weather forecast in drought-stricken northern Brazil promised much-needed rain for producers who are dealing with the prospect of low yields and damaged crops. Corn and wheat both ended higher as traders continued to cover short positions in both markets.