Crop traders expect Ukrainian grain exports to pick up

Seller dominance was still seen in crop markets. In Chicago, wheat became 0.4 percent cheaper, corn 0.1 percent cheaper, and soybeans 0.8 percent cheaper. True, a 1.3 percent rise in rapeseed prices was an exception. In Europe, the price of milled wheat fell by 1.5 per cent, that of maize by 3.5 per cent and that of rapeseed by 2 per cent. The price level of feed wheat has also decreased. U.S. futures on corn and wheat fell on Wednesday due to news that Russia is ready to provide humanitarian corridors for food shipments from Ukraine, traders said. Soybean rates were also weaker, driven by soybean meal, as China is expected to approve soybean meal imports from Brazil next month. Chicago wheat futures moved toward their losses on the fifth consecutive trading day, during which time the most active contract fell nearly 12%, while corn fell to its lowest level since April 8th. “Food-based raw materials were once again under pressure as there is talk that Russia may once again allow ...