Chicago wheat falls after Black Sea supply concerns

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Chicago wheat futures slipped on Friday even after logging a monthly gain, driven by growing worries over Black Sea supplies following reports of attacks, including Ukrainian drones striking the Taman port on the Kerch Strait. Technical trading and end-of-month liquidation pushed prices down after a prior session surge to $6.86-1/2, leaving wheat at $6.39-1/4; nearby corn and soybeans eased as well. Analysts warn shipowners, insurers and exporters may avoid the region, lifting freight costs and slowing grain flows, while markets await the U.S. Department of Agriculture August supply and demand report.

Black Sea attacks raised concern over grain shipment disruptions