US wheat futures retreat on Russia’s export tax plans

15.12.2020

U.S. wheat fell on Monday on profit-taking after Russia announced it will tax wheat exports to cool domestic prices.

Corn and soybeans rose on concern about unfavourable crop weather in South America.

The Chicago Board of Trade’s most active wheat fell 1.0% to $6.08-1/4 a bushel at 1143 GMT. Wheat earlier on...