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Wheat extends recovery on export optimism
date:Aug 18, 2012
based on tighter inventories, analysts are worried it may deplete its inventories faster than expected.
But wheat futures ended lower for the week, as lagging U.S. export demand and ample U.S. supplies limited upward price movement. The market still has to turn export potential into reality, as U.S. wheat remains overpriced in comparison to other world wheat exporters, Mr. McCambridge added.
Otherwise, the advances were aided by chart-based buying associated with traders buying wheat futures to

12/22 19:27