Wheat Holds Near 2026 Highs as Black Sea Ceasefire Hopes Fade
Updated
Updated · DTN The Progressive Farmer · Aug 17
Wheat Holds Near 2026 Highs as Black Sea Ceasefire Hopes Fade
3 articles · Updated · DTN The Progressive Farmer · Aug 17
Summary
September KC wheat slipped 1/4 cent early Sunday, while December corn was unchanged and November soybeans fell 2 3/4 cents in a quiet, mixed start to the week.
Black Sea ceasefire prospects remain dim, keeping grain export capacity through the corridor severely constrained and underpinning wheat after last week's rally to the highest weekly close of 2026 for most-active KC futures.
Corn and soybeans still have bullish support, but typical late-summer seasonal pressure ahead of the U.S. harvest is capping gains for now.
Crop weather through the final stretch of the season, along with geopolitics, is expected to remain the main driver of grain prices.