Wheat Falls a Fifth Week as Black Sea Shipment Prospects Improve
- US forecasts higher grain exports from Russia, Ukraine, EU
- Soybean meal caps week with biggest increase since 2014
A bulk cargo vessel, carrying Ukrainian wheat bound for Spain, on the Bosporus Strait in Istanbul, Turkey, on Nov. 2.
Photographer: Nicole Tung/BloombergThis article is for subscribers only.
Wheat posted a fifth straight week of losses as prospects brighten for getting global grain shipments out of the war-stressed Black Sea.
The US Department of Agriculture raised its outlook for world wheat trade in part on higher exports from Ukraine and Russia, the agency said Friday in its monthly World Agricultural Supply and Demand Estimates.