US wheat, maize benchmarks post fresh losses on dwindling China demand

19.03.2024

Chicago wheat futures slid on Tuesday, with the market facing pressure from leading importer China cancelling more U.S. cargoes amid plentiful world supplies.

Corn prices lost ground, while soybeans ticked higher, with both markets likely to face headwinds from expectations of near-record South American production.

“Wheat prices are likely to fall further...