CBOT Wheat Futures Fall for Fifth Consecutive Day and Hit Over Two-Year Low

According to foreign media reports, Chicago Board of Trade (CBOT) wheat futures fell for the fifth consecutive trading day on Monday, dropping to its lowest level in over two years. This was due to the extension of the Black Sea grain shipping agreement by two months, which suppressed market expectations for ample Black Sea supply. After a sharp decline last week, soybean futures were boosted by buying at lower prices.