Wheat Hits Near 2-Month Low

🌐 Hellenic Shipping News (Greece) —

AI Summary

Wheat prices fell below $6.70 per bushel to their lowest level since August 18, as hopes for a Russia-Ukraine energy ceasefire eased concerns about Black Sea supply disruptions. Donald Trump announced that Russia and Ukraine had agreed to an immediate ceasefire, while Volodymyr Zelenskyy said Kyiv supported it but was awaiting further details.

Wheat prices fell below $6.70 per bushel in mid-October, hitting its lowest level since August 18, as US President Donald Trump’s ceasefire announcement raised hopes for a Black Sea truce. Trump said Russia and Ukraine had agreed to an immediate “energy ceasefire,” while Ukrainian President Volodymyr Zelenskyy said Kyiv supports the ceasefire but is “awaiting ...

World Conflict Politics Commodities wheat prices Black Sea ceasefire Russia-Ukraine grain markets

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