tradingkey.logo

CBOT wheat falls on Black Sea shipping agreements

ReutersMar 26, 2025 7:38 PM

- Chicago Board of Trade wheat futures fell on Wednesday as increased security was expected for Black Sea shipping because of agreements with Ukraine and Russia, according to analysts.

  • CBOT May soft red winter wheat WK25 settled down 8 cents at $5.35-1/4 a bushel.

  • K.C. May hard red winter wheat KWK25 ended down 4-1/4 cents at $5.65 per bushel and Minneapolis May spring wheat MWEK25 fell 3-1/4 cents to end at $5.85-1/4 per bushel.

  • The United States reached deals on Tuesday with Ukraine and Russia to pause attacks at sea and against energy targets.

  • However, wheat futures received some support as Russia said that a number of conditions must be met before a Black Sea security deal with Ukraine can be activated.

  • Rains in southern Russia over the next 6-10 days are expected to ease wheat stress, according to Commodity Weather Group.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI