Wheat prices today hover near lows as Russia-Ukraine talks loom

Wheat prices today are near multi-month lows as traders weigh Russia-Ukraine peace talks that could revive Black Sea grain exports and lift supply.

Chicago wheat rose 0.2% to $5.89 a bushel on Tuesday, staying near multi-month lows.

Prices are about 25% below their early-September highs.

Russia, Ukraine and the United States are scheduled to hold talks in Abu Dhabi on November 10-11.

The talks could reopen Black Sea grain exports, which attacks on shipping have curtailed.

Lithuania said Russian and Belarusian grain at Klaipeda must be tested before release, which could delay exports for months.

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