GRAINS-Chicago wheat recoups some losses as US dollar eases
Adds analyst comment, updates prices
CANBERRA, April 18 (Reuters) -Chicago wheat futures rose on Thursday, recouping some of their losses from the previous session, as the U.S. dollar weakened and an exchange in Argentina said less of the crop would be planted there than previously thought.
Still, prices remained close to their lowest levels since 2020 due to ample supply from top shipper Russia and lacklustre demand for U.S. exports.
Corn and soybean futures fell slightly, with both markets well-supplied despite rising concerns over Argentina’s corn harvest, which has been hit by a stunt disease spread by leafhopper insects.
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.3% at $5.54 a bushel, as of 0205 GMT, after a 2.2% fall on Wednesday. It was near a four-year low of $5.24 reached in…
