Wheat Eases From 3-Year Peak

AI Summary

Wheat prices have fallen below $7.30 per bushel, easing from a three-year peak amid hopes for a peace agreement between Russia and Ukraine. Statements from President Putin and the EU about a potential peace deal have influenced markets and triggered profit-taking by traders.

Wheat fell below $7.30 per bushel, easing from over a three-year high, amid expectations of a peace agreement between Russia and Ukraine. President Putin stated there was a chance of a peace agreement to end the war with Ukraine, which triggered profit taking by traders. The EU also stated it was looking into “all possible ...