CBOT wheat drops as traders assess Black Sea grain exports
WEAT•Wheat futures ease on Black Sea export prospects
CHICAGO, Sept. 22 (Reuters) - Chicago Board of Trade wheat futures settled weaker on Tuesday as traders assessed prospects for a potential recovery in Black Sea grain exports.
- Ukrainian President Volodymyr Zelenskiy was due to meet U.S. President Donald Trump at the United Nations in New York, where he planned to push for an energy truce with Russia.
- The idea of a truce bolstered hopes of subsequent steps to restore Black Sea shipping, analysts said.
- Trump told reporters his message to Russian President Vladimir Putin was to "settle the war."
- Continued attacks on ports and vessels tempered expectations of a recovery in grain shipments.
- The U.S. Department of Agriculture on Monday said U.S. winter wheat plantings were 17% complete as of Sunday, below the average of 21%.
- CBOT December soft red winter wheat WZ26 closed down 9-1/2 cents at $7.17-1/4 per bushel.
- K.C. December hard red winter wheat KWZ26 was down 13-1/4 cents at $7.81-1/4 a bushel, and Minneapolis December spring wheat MWEZ26 was 10-1/4 cents lower at $7.36-1/4 a bushel.
