BEIJING- Chicago wheat futures edged down on Wednesday, as traders gauged the prospect of higher exports after Russian President Vladimir Putin expressed readiness to allow blocked Ukrainian grain vessels from Black Sea ports.
Corn ticked lower, while soybeans rose slightly.
The most-active wheat contract on the Chicago Board of Trade (CBOT) fell 0.18 percent to $10.85-3/4 a bushel.
Corn shed 0.66 percent to $7.48-1/2 a bushel and soybeans rose 0.15 percent to $16.85-3/4 a bushel.
A senior U.N. official had “constructive discussions” in Moscow with a Russian official on facilitating Russian grain and fertilizer exports to global markets, U.N. spokesman Stephane Dujarric said on Tuesday.
Putin said Russia was willing to facilitate Ukrainian wheat exports through the Black Sea, as well as shipments of Russian fertilizer, if western sanctions were eased, according to a Kremlin readout of talks with the president of Turkey. – Reuters
