Wheat drops on Ukraine corridor extension hopes

PARIS/SINGAPORE: US and European wheat futures fell on Tuesday, pressured by signs of progress in talks to extend a wartime export deal for Ukrainian grains.

Corn and soybeans edged lower as hopes of continued Ukrainian exports through the Black Sea and worries about Chinese demand countered support from a weaker dollar.

The most active wheat contract on the Chicago Board of Trade (CBOT) was down 1.3% at $8.07-1/2 a bushel by 1057 GMT.

In Europe, December wheat on Paris-based Euronext was down 1.7% at 318.50 euros ($332.04) a tonne, just off an earlier two-month low.