Wheat fell to $7.10 a bushel, its lowest level in two weeks, as traders balanced diplomatic efforts to end Russia’s war in Ukraine against continued risks to Black Sea grain exports. Prices had climbed to $7.70 on August 28, a three-and-a-half-year high, before easing as profit-taking offset supply concerns. Russia and Ukraine are major participants in international grain markets, leaving attacks on ports, warehouses, transport networks and other agricultural infrastructure capable of disrupting supplies, domestic food distribution and export routes. Russia has continued missile and drone attacks on Ukraine, while Ukraine has launched long-range drone strikes inside Russia, including attacks near the Black Sea port of Novorossiysk. Ukraine previously targeted facilities there, including a naval base and an oil-loading terminal; President Volodymyr Zelenskiy said several facilities were hit, and traders cited unconfirmed reports that grain infrastructure may also have been damaged. The Kremlin said it hoped US-mediated talks would resume soon and identified Abu Dhabi as its preferred venue, helping ease some supply concerns. Volatility remains high, although disruptions to competing Black Sea exports could improve opportunities for U.S. wheat producers.