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Barchart
Barchart
Austin Schroeder

Wheat Fades Lower on Thursday as Black Sea Tensions Shift

The wheat complex fell back lower on Thursday, slipping into the close. Chicago SRW contracts were steady to 2 ¼ cents in the red. KC HRW futures saw fractional to 3 cent losses across most contracts at the close. MPLS spring wheat saw weaker front month action, down 3 ¼ to 4 ¼ cents in the nearbys.

Early on Thursday morning Ukraine proposed a truce with Russia to stop attacking civilian targets on the Black Sea. Very little in terms of a response from Russia has been reported.

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