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Austin Schroeder

Wheat Pressure Continues on Wednesday with Black Sea News

Wheat Black Sea Chicago SRW KC HRW MPLS CBOT Wheat KCBT Wheat MIAX Wheat

The wheat complex is trading lower on Black Sea news at midday on Wednesday. Chicago SRW contracts are slipping 15 to 16 lower on Tuesday. KC HRW futures are falling 17 to 18 1/4 cents at midday. MPLS spring wheat is down 9 to 10 1/4 cents so far on the session.

Pressure is coming from Russia’s President Putin agreeing to resume peace talks with the US and Ukraine. Grain exports out of the Black Sea have been severely restricted in the last 2 months.

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