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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.
Bangladesh has resumed wheat purchases from its western neighbor, after Indiaโs plentiful supply encouraged it to lift an export ban at a time when Black Sea trade disruptions have sent global prices soaring.
The soybean fund fell 1.04% to US$27.68, corn 0.66% to US$19.70 and wheat 1.45% to US$25.86. Chicago settled November soybeans at US$13.04 a bushel. The post Grain Funds Fall Even as China Steps Up American Soybean Buying appeared first on The Rio Times.
Some Russian farmers plan to plant less winter wheat as flows from the countryโs crucial Black Sea ports remain stalled, creating a domestic glut and setting the stage for a smaller 2027 harvest from the worldโs top shipper.