The first Ukrainian exports have reached the global market Wheat and corn prices dropped on Monday on news that the first grain ships from Ukraine reached their destinations and the expectations that restrictions on Russian agricultural exports will be eased. Around 11:00 GMT, the most actively traded wheat futures on CBOT fell 1.4% to $7.64 per bushel. Corn traded down 1.1% at $6.03 a bushel, and soybeans fell 0.09% to $14.07. Wheat has so far nearly halved in price since this year’s high of $14.25 in March. Prices have been steadily declining ever since the Moscow-Kiev deal on grain exports, brokered by Turkey a
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