On Wednesday, September 26, the wheat market showed gains across most contracts, with Chicago SRW contracts rising 8 cents to $6.46 1/2 and KC HRW futures up 12 cents to $7.19. Minneapolis spring wheat also gained ground, rising 4 to 5 cents. Concerns over the export flow from the Black Sea due to intensified conflicts between Russia and Ukraine continue to influence market conditions.
In related market activity, Algeria has purchased an estimated 300,000 to 720,000 metric tons of wheat in a recent tender.
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