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Wheat Slumps 6% On Hopes Of Russia Resuming Supplies

2 Nov 2022 , 05:13 PM

The global Wheat futures slumped today as media reports noted that after Russia suspended support for grain exports through the Black Sea, it has now agreed with Turkey to restart its participation in the agreement. Russias defence ministry says Kyiv has given written assurances not to use the route for military action and the global Wheat market took this as a sign of relief. The benchmark US Wheat futures slipped 6% to $8.50 per bushel, sliding from a near three week high. Powered by Commodity Insights

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