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Wheat declined for a fourth day after US President Donald Trump said Russia and Ukraine had agreed to an immediate โenergy ceasefire,โ raising hopes that an easing of hostilities could reduce Black Sea disruptions.
The October 9 WASDE report reshapes global crop balances, moving Chicago futures and prices for Brazil's and Argentina's soybeans, corn and wheat. The post US Crop Report Moves Brazil and Argentina Prices appeared first on The Rio Times.
Asian wheat millers are cutting forward commitments as prices soar, with Black Sea disruptions choking supplies from one of the worldโs top exporting regions.
Wheat futures moved higher for a third day after Russia threatened to escalate the war in Ukraine, potentially worsening disruptions to global grain supply through the Black Sea.