GRAINS-Chicago wheat slides after Putin comments on peace chances
WEAT•Prices at 0832 GMT
| Last | Change | Pct Move |
|---|---|---|
| CBOT wheat Wv1 | 755.25 | -18.75 |
| CBOT corn Cv1 | 533.75 | -9.75 |
| CBOT soy Sv1 | 1301.75 | -8.50 |
| Paris wheat BL2c1 | 244.25 | 0.00 |
| Paris maize EMAc1 | 277.25 | 0.00 |
| Paris rapeseed COMc1 | 552.75 | 0.00 |
| WTI crude oil CLc1 | 90.51 | -0.50 |
| Euro/dollar | 1.16 | 0.00 |
Most active contracts - Wheat, corn and soy U.S. cents/bushel, Paris futures in euros per metric ton.
Corn and soybeans also ease
CBOT corn Cv1 dropped 1.8% to $5.33-3/4 a bushel after hitting a three-year high on Wednesday, while soybeans Sv1 fell 0.7% to $13.01-3/4 following a 2-1/2-year high in the previous session.
Chicago wheat falls on peace-hope profit-taking
Chicago wheat futures dropped by more than 2% on Thursday after Russian President Vladimir Putin said there was a chance of a peace agreement to end the war in Ukraine.
Traders said the comments triggered profit-taking after prices hit 3-1/2-year highs this week on growing concerns about the war disrupting crucial Black Sea grain exports from Russia and Ukraine.
The most-traded wheat contract on the Chicago Board of Trade (CBOT) Wv1 was down 2.4% at $7.55-1/4 a bushel by 0832 GMT, retreating from Wednesday's peak of $7.95.
The benchmark fell by as much as 2.9% shortly after Putin's remarks.
