US wheat benchmark drops from 3-month high as Russia-Ukraine supply woes limit decline

12.10.2022

Chicago wheat futures slid on Tuesday, retreating from a three-month high scaled in the previous session, although concerns over Black Sea supplies provided a floor under the market.

Corn and soybeans rose for a third consecutive session.

“Russia-Ukraine war escalation is raising doubts over wheat supplies, which is supporting prices,” said one...