GRAINS-Wheat eases after rallying on Black Sea tensions; corn, soy decline
DBA•Wheat pulls back after Black Sea rally
Chicago wheat futures declined on Thursday on a round of profit-taking and chart-based selling, but values remained elevated as hostilities between Russia and Ukraine showed no sign of cooling, fueling worries about exports from the major global wheat suppliers.
Corn futures fell on profit-taking and disappointing weekly U.S. export sales, while outlooks for milder crop weather in the Midwest next week pressured both corn and soybeans.
CBOT grain settlements and market drivers
Chicago Board of Trade September wheat WU26 settled down 2-3/4 cents, or 0.4%, at $6.74-3/4 per bushel. CBOT December corn CZ26 ended down 5-1/2 cents, or 1.2%, at $4.64 a bushel and November soybeans SX26 finished down 6-3/4 cents, or 0.6%, at $11.95 a bushel.
