Wheat prices fell 6.3% after agreement on Black Sea corridor

On Wednesday, November 2, wheat prices fell 6.3% after Turkey said that the safety of Ukrainian product transport is ensured.

Transportation via the Black Sea has resumed.

Ukraine is the 4th largest global producer of the commodity.

Now, investors interpret that there will be a greater grain supply, and the price will decrease.

Turkish President Recep Tayyip Erdogan helped broker the deal.

The price of wheat has accumulated a 12.64% increase in the last 12 months.

With information from Poder360

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