Chicago wheat prices remained steady after hitting a two-week low, as concerns about weather-related damage to Russian crops eased. Despite the price fluctuations, international demand for wheat remains robust, with significant purchases from Algeria and Egypt. Soybean prices increased on the estimated extent of damage due to flooding in Brazil affecting crop yields, while corn prices slightly declined. Brazil’s floods have notably impacted global soybean markets, highlighting the ongoing influence of weather on agricultural commodities.
source: https://www.xm.com/research/markets/commodities/reuters/wheat-flat-after-touching-twoweek-low-with-eyes-on-russian-crop-53854040
