CBOT wheat futures fall as Putin meets Trump envoys in Moscow

  • Vladimir Putin met U.S. special representatives Steve Witkoff and Jared Kushner in Moscow.
  • CBOT December soft red winter wheat settled 20-1/4 cents lower at $7.34 per bushel.
  • Putin said Russia would do its utmost to ensure the mediators' safety.

Chicago Board of Trade wheat futures fell as U.S. special representatives Steve Witkoff and Jared Kushner held talks in Moscow with Russian President Vladimir Putin on ending the war in Ukraine. Putin said contacts with Washington were beneficial and that Russia found the two envoys convenient to work with. Witkoff conveyed U.S. President Donald Trump's best wishes and thanked Putin for a ceasefire during the delegation's visit; Putin said Russia would do its utmost to ensure the mediators' safety. The diplomatic engagement comes as a potential settlement remains tied to disputes over territory, military constraints and security guarantees, while hostilities and disruption to Black Sea grain exports continue. CBOT December soft red winter wheat settled 20-1/4 cents lower at $7.34 per bushel.

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