Wheat prices showed the biggest decline since May of this year, and the cost of corn fell to an eight-month low on news of a deal to export grain from Ukraine via the Black Sea. It is reported by Bloomberg.
Wheat fell 5.9% to $7.59 per 1 bushel. Corn - by 1.6%, to $ 5.6425 per 1 bushel. This is evidenced by trading data on the Chicago Mercantile Exchange.
On Friday, July 22, Russia signed an agreement with Turkey on the export of grain from Ukraine via the Black Sea. The document defines the algorithm for the export of Ukrainian agricultural products from the Black Sea ports controlled by Kyiv. In addition, Russia and the UN signed a memorandum, which involves the organization's involvement in lifting restrictions on the export of Russian fertilizers and agricultural products to world markets.
RBC information source https://quote.rbc.ru/news/short_article/