Source: APKinform (Ukraine)
On April 28, prices for key crops—soybeans, wheat, and corn—traded at the CBOT experienced a decline. This downturn was influenced by ongoing uncertainty surrounding U.S.-China trade negotiations, coupled with predictions of heavy rainfall in the American grain-producing regions.
By the close of trading, May contracts for soybeans, the most actively traded, dropped by 0.4% to $10.54 per bushel. Corn prices fell 0.9% to $4.80 per bushel, while wheat decreased by 1.5%, settling at $5.36 per bushel.
Market participants highlight the current ambiguity regarding tariff policies between the United States and China. Although U.S. President Donald Trump announced plans to resume dialogue with China, these claims have yet to be confirmed by Chinese officials.
Furthermore, the wheat market faced additional downward pressure following weather forecasts predicting rainfall in the Great Plains region, which could enhance the prospects for the winter wheat crop.