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Chicago wheat falls on Russia-Ukraine peace talk hopes

JAKARTA: Chicago wheat fell on Tuesday amid expectations of peace talks between Russia and Ukraine, which could ease exports flow for Black Sea grains. The most-traded wheat contract on the Chicago Board of Trade (CBOT) was down 0.21% at $6.05-1/4 a bushel at 0234 GMT. “With pent-up supplies of Russian and Ukrainian grain, if - and that is a big if - we see an end to hostilities, then we could see further pressure on an already relatively bearish market,” said Andrew Whitelaw of Australian agric

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Originally published byBusiness Recorder 2h ago · brecorder.com
Read full report at Business Recorder

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