CBOT wheat rises for 3rd week amid concerns over Black Sea grains deal outlook

On June 12, according to foreign media reports, as of the week of June 9, 2023, CBOT wheat futures rose for the third consecutive week. The outlook for the Black Sea grain deal is worrying.

However, gains in wheat prices were capped by an improved outlook for U.S. wheat production as harvests in the northern hemisphere unfold.