Wheat prices are falling for the fourth consecutive day amid hopes for a ceasefire in the Black Sea.

Global wheat prices are declining for the fourth consecutive day following U.S. President Donald Trump's statement about reaching an agreement between Ukraine and Russia on an immediate "energy ceasefire." This has heightened expectations of de-escalation of hostilities and the possible resumption of stable grain supplies through the Black Sea, reports Bloomberg. On Monday, futures

Global wheat prices are declining for the fourth consecutive day following U.S. President Donald Trump's statement about reaching an agreement between Ukraine and Russia on an immediate "energy ceasefire." This has heightened expectations of de-escalation of hostilities and the possible resumption of stable grain supplies through the Black Sea, reports Bloomberg. On Monday, wheat futures on the Chicago Board of Trade fell by 1.3%, after which they partially recovered some losses. Ukraine and Russia together account for over a quarter of the world's wheat exports, so the situation in the Black Sea ...