CBOT wheat eases on technical selling, weaker corn and soy
CHICAGO, Oct 13 (Reuters) — Chicago Board of Trade wheat futures ended lower on Tuesday on technical selling and spillover pressure from lower corn and soybeans as traders shrugged off news of more attacks on cargo vessels in the Black Sea export zone. Two cargo ships were struck by drones off the coast of Bulgaria, with one sinking, in the latest in a series of attacks amid the Russia-Ukraine war. Market worries over disruption to massive Black Sea trade have been tempered by increased shipments of Russian wheat through alternative Baltic routes. Ukraine is likely to export no more than 11 million metric tons of wheat in the 2026/27 July to June season against around 14 million tons in 2025/26 due to blocked Black Sea ports, the analytical department of the country's major farmers union UAC said on Tuesday. The US Department of Agriculture is due to release its weekly crop progress report later on Tuesday. Analysts polled, on average, expect the USDA to report that 51% of the nation's winter wheat crop had been planted as of Sunday. CBOT December soft red winter wheat closed 3 cents lower at $6.69-1/4 per bushel. K.C. December hard red winter wheat last traded 3-3/4 cen
CHICAGO, Oct 13 (Reuters) — Chicago Board of Trade wheat futures ended lower on Tuesday on technical selling and spillover pressure from lower corn and soybeans as traders shrugged off news of more attacks on cargo vessels in the Black Sea export zone. Two cargo ships were struck by drones off the coast of Bulgaria, with one sinking, in the latest in a series of attacks amid the Russia-Ukraine war. Market worries over disruption to massive Black Sea trade have been tempered by increased shipments of Russian wheat through alternative Baltic routes.
Ukraine is likely to export no more than 11 million metric tons of wheat in the 2026/27 July to June season against around 14 million tons in 2025/26 due to blocked Black Sea ports, the analytical department of the country's major farmers union UAC said on Tuesday. The US Department of Agriculture is due to release its weekly crop progress report later on Tuesday. Analysts polled, on average, expect the USDA to report that 51% of the nation's winter wheat crop had been planted as of Sunday. 69-1/4 per bushel.
C. 11-1/2 a bushel. 94 a bushel. com; +1 313 484 5285)