Wheat futures lose Black Sea risk premium amid Russian signals on shipping talks -. Bloomberg. Wheat futures lost the Black Sea risk premium built up after Russia and Ukraine stepped up their attacks in early July. This comes after reports that Moscow is considering proposals to ensure the safety of grain transport in the region. The most actively traded contract on the Chicago Mercantile Exchange fell 2 percent to $6.125 a bushel, the lowest level since July 9. In early September, futures rose to $7.95 a bushel, the highest since early 2023. Futures fell sharply on Monday after Interfax, citing Russian Deputy Foreign Minister Alexander Alimov, reported that Moscow was considering proposals to ensure the security of grain supplies from the Black Sea. Russia is discussing this issue with Turkey and several other countries. "Since the beginning of the season, wheat prices in the world are extremely sensitive to the development of the situation with maritime transport in the Black Sea. Any hint of good news leads to a drop in prices," notes Dmitry Rilko, CEO of the Agricultural Market Research Institute (Ikros).

Wheat futures lose Black Sea risk premium amid Russian signals on shipping talks -. Bloomberg. Wheat futures lost the Black Sea risk premium built up after Russia and Ukraine stepped up their attacks in early July. This comes after reports that Moscow is considering proposals to ensure the safety of grain transport in the region. The most actively traded contract on the Chicago Mercantile Exchange fell 2 percent to $6.125 a bushel, the lowest level since July 9. In early September, futures rose to $7.95 a bushel, the highest since early 2023. Futures fell sharply on Monday after Interfax, citing Russian Deputy Foreign Minister Alexander Alimov, reported that Moscow was considering proposals to ensure the security of grain supplies from the Black Sea. Russia is discussing this issue with Turkey and several other countries. "Since the beginning of the season, wheat prices in the world are extremely sensitive to the development of the situation with maritime transport in the Black Sea. Any hint of good news leads to a drop in prices," notes Dmitry Rilko, CEO of the Agricultural Market Research Institute (Ikros).