December 2, 2022

Wheat sags on Black Sea export deal extension; corn turns

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CHICAGO — U.S. wheat futures dropped to a 2-1/2-month low on Thursday after the United Nations introduced an settlement to increase a grain hall for exports from war-torn Ukraine.

Soybean futures fell on worries about demand as high international purchaser China struggles with COVID-19 lockdowns. However corn turned increased as robust weekly U.S. export gross sales information offset early stress from information of the Black Sea grain export deal.

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As of 1:07 p.m. CST (1845 GMT), Chicago…

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