
Chicago wheat and corn futures eased on Tuesday, with corn at a fresh four-month low. Traders focused on Russia-Ukraine peace talks set for November 10-11 in Abu Dhabi and on the advancing US corn harvest, which was 74% complete.
Soybeans were little changed after hitting a 2.5-month low on Monday when crude oil plunged.
A peace deal could release pent-up Russian and Ukrainian grain supplies, adding downside pressure to an already bearish wheat market. Faster US harvest progress and weak demand keep corn prices under pressure.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.