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Wheat Falls for Third Day as Black Sea Shipments Continue

Photo By Agrihunt

Wheat dropped for a third day to the lowest level since early June as grain exports continued from Russia and Ukraine even as tensions remain in the Black Sea region.

Benchmark futures in Chicago traded as much as 3.1% lower after sliding 1.9% on Monday. Russia opened fire on a ship over the weekend to force the vessel to stop for checks, a continuation of hostilities in the key trade route after Ukrainian drones attacked Russian vessels earlier this month…

For More Details Visit: https://www.bloomberg.com/news/articles/2023-08-15/wheat-holds-loss-as-black-sea-exports-continue-amid-hostilities

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