Wheat futures fall on rumors of replacement supply
The daily grain highlights cite weaker Russian wheat exports amid the Ukraine conflict, with the impact on global supply described as less than anticipated, alongside wheat futures sliding on replacement-supply rumblings.
Russian wheat exports are running well below previous months and weeks as the conflict with Ukraine continues to disrupt Black Sea shipments, Kirk Maltais said in a Highlights piece. The slowdown is weighing less on global wheat supply than had been expected.