Macro Finance
Wheat Extends Drop as Trump Remarks Fuel Black Sea Truce Hopes
Bloomberg Markets·October 12, 2026·1 min read
Wheat fell for a fourth day after US President Donald Trump said Russia and Ukraine agreed to an immediate "energy ceasefire," raising hopes that easing hostilities could reduce Black Sea supply disruptions. The decline extended as traders bet on improved grain flows from the region, pressuring prices further.
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