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via seekingalpha.comEconomy

U.S. wheat futures sink to 14-week lows on Ukraine peace efforts

FROM THE WIRE · SEEKINGALPHA.COM

[Road through wheat field] Toltek/iStock via Getty Images CBOT wheat futures fell to 14-week lows Wednesday following news that U.S. special envoy Steve Witkoff met with Russia's President Putin in St. Petersburg to discuss a possible peace deal and President Trump increased…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA possible peace deal could unlock wheat supply and weigh on prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01CBOT wheat futures fell as much as 3.5%, the lowest since July 10.
  2. 02U.S. envoy Steve Witkoff met Putin in St. Petersburg on a possible peace deal.
  3. 03Ukraine's wheat exports for July to October are estimated at 3.8M tons, down 39% year over year.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Teucrium Wheat FundWEATETF23.09 USDMarket closedtoday -1.95%Negative Teucrium Corn FundCORNETF17.98 USDMarket closedtoday +0.67%Neutral Wheat (KC hard red winter)COMMODITY:WHEATCommodity672.25 UScAwaiting tradestoday -0.11%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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