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Market News Shows Uneven Wheat After Weather and Grasshoppers
Chicago wheat futures swung through uneven trading as July and September options moved between gains and losses. Nearby news of dry weather in the southwest and grasshopper outbreaks in Minnesota tempered gains, with July closing slightly higher on the day amid renewed selling pressure. Cattle and hogs in St Louis and Kansas City opened steady to weak on moderate receipts, while prices for eggs, cheese, and produce also reflected mixed demand.
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