CANBERRA- Chicago wheat futures were unchanged on Tuesday after export-threatening Russian attacks on Ukrainian ports pushed them up more than 2 percent in the previous session, but prices remained near their lowest since 2020 amid plentiful supply.
Soybean and corn futures rose slightly.
The most-active wheat contract on the Chicago Board of Trade (CBOT) was flat at $5.42-3/4 a bushel.
The contract fell to $5.23-1/2, its lowest since August 2020, on March 11, amid a flood of cheap grain from top exporter Russia, which has had two large production years and expects a third this year.
Russian air attacks at the weekend damaged agricultural enterprises and destroyed several industrial buildings in the port of Odesa in Ukraine, another significant grain exporter.
The Black Sea port city of Mykolaiv was also hit, with Ukrainian strikes against Russian oil refineries and Vladimir Putin’s re-election as Russia’s president raising fears that tensions between the two countries might escalate.
