U.S. Wheat Futures Fall to Two-Week Low on Monday as Crude Oil Crashes and Black Sea Shipping Eases

WHEAT0.66%
According to traders, U.S. wheat futures fell on Monday (July 28) amid a crude oil crash, with Chicago wheat futures hitting a two-week low. KCBT hard red winter wheat futures held within Friday's trading range. The decline reflects easing market concerns about Black Sea port and shipping restrictions; Ukraine is reportedly discussing port transport security measures, and Russia indicated it can reroute exports through deep-water and Baltic ports, reducing near-term supply disruption risks.
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