Russian supply glut subdues US wheat benchmark

02.05.2024

Chicago wheat fell on Wednesday, receding from two-month highs hit on Monday, as large exports of Russian wheat depressed sentiment.

Corn and soybeans were little changed as dealers assessed prospects for U.S. planting weather this week.

Chicago Board of Trade most-active wheat Wv1 fell 0.4% to $5.99-3/4 a bushel at 0908 GMT,...