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Commodities

Kansas City Wheat Price Holds Above Support Despite Downside Bias

Guavy AI Editorial Team
Instruments
Wheat
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The price of Kansas City Wheat (KE) is currently trading at USX812, having gained 1.22% on the day.

This increase comes despite the asset's price sitting below its key moving averages and facing resistance at USX823.

The global supply risks are driving sentiment in U.S. wheat markets, with diplomatic efforts to address Russia's war with Ukraine and ongoing disruptions to Black Sea exports playing a significant role.

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