11:23 - 26.05.2026

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May 26, Fineko/abc.az. Wheat futures are preparing to update their longest series of declines since January, as traders returning from a long weekend in the U.S. recoup news of progress in negotiations to end the war in the Middle East, ABC.AZ reports, referring to Bloomberg.

The most liquid wheat futures in Chicago fell 1.6%, declining for the fourth consecutive session. Soybean and corn futures are also traded in the red.

CBOT markets were closed on Monday, so optimism around a possible deal was reflected on Tuesday. Trump said that negotiations with Iran are "going well".

Unblocking the Strait can restore fuel and fertilizer supplies, supporting the growth of global grain production. However, decline in wheat prices is being held back by rising oil after new US strikes on Iran. According to CENTCOM, the strikes targeted rocket launchers and boats in the Strait of Hormuz, where explosions were reportedly heard.