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China's Wheat Purchases Challenge Bearish Speculators
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China's increased wheat purchases have led to a significant increase in U.S. wheat prices, challenging bearish speculators. Despite the run-up in price, money managers have not turned into wheat bulls. U.S. wheat exports to China have reached a three-year high, indicating a strong demand from China.
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How are bearish speculators being challenged by China's wheat purchases?
What factors are influencing money managers' reluctance to become wheat bulls?
What impact does China's demand have on U.S. wheat exports?
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