Wheat posts fresh 23-month high, trades at $7.99

Wheat posts fresh 23-month high, trades at $7.99
SAN FRANCISCO (MarketWatch) — Wheat futures posted a fresh 23-month high Friday, rising 1.7% as concerns about Russia’s drought hitting the country’s wheat crop continued and a day after the Eurasian country enacted a temporary ban on wheat exports. Wheat for nearby September delivery added 13 cents to $7.99 a bushel on the Chicago Board of Trade. The most-active December contract rose a penny …

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