Russia promised at peace talks on this morning to drastically scale down its military operations around Kyiv and the northern Ukrainian city of Chernihiv, while Ukraine proposed neutral status with international guarantees to protect it from attack.
Thus, the war premium in commodities prices is tending to diminish.
Chicago wheat, indeed, dropped by more than 7%.
Corn also fell sharply around 3.5%.
Soybeans also turned lower, around 2.6%, pressured by a sharp pullback in crude oil, which was around 5.8% weaker .
European grain and oilseed prices were also sharply lower.
MATIF wheat contract was down 4.6%.
MATIF corn was 4.8% lower.
MATIF rapeseed tumbled 5.2%.
Please stopwar russia ukraine.
All the world need wheat corn soybean crudeoil oil oilseed … but first of all the world need peace and we believe that the Ukrainian and Russian people can and must outcome from this conflict.
