empty
 
 

12.10.202605:09:56UTC+00Wheat Hits Near 2-Month Low

Wheat prices fell below $6.70 per bushel in mid-October, their lowest level since August 18, after US President Donald Trump announced a ceasefire that raised hopes for a truce in the Black Sea region. Trump said Russia and Ukraine had agreed to an immediate “energy ceasefire,” while Ukrainian President Volodymyr Zelenskyy stated that Kyiv supports the initiative but is “awaiting details.”

Market participants are now watching for confirmation from both Moscow and Kyiv, as well as any indication that this agreement could lead to a broader easing of tensions. Russia and Ukraine together account for more than a quarter of global wheat exports, making the Black Sea a critical corridor for international supply.

At the same time, Asian wheat millers are trimming forward purchases amid rising prices and continuing disruptions in the Black Sea, which remains one of the world’s key exporting hubs. According to traders and processors, some millers in Southeast and South Asia are limiting coverage to their requirements through December, or even closer to actual delivery dates.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback