CBOT wheat rose and fell each other

On June 27, according to media reports, the Chicago Board of Trade (CBOT) soft red winter wheat futures closed up and down on Monday. Warehouse selling.

The benchmark contract rose to its highest intraday level since Feb. 23 amid concerns over the situation in the Black Sea region, while several other contracts broke above their 200-day moving average, an analyst said.

However, with the development of the day’s market, the market’s worries eased, the bulls closed their positions and sold them at a profit, and technical selling emerged, which suppressed the price of wheat to fall back.