CBOT Slips on Profit-Taking as Russia Seeks Alternative Grain Routes

The Chicago Board of Trade (CBOT) is expected to open down 5-8 cents per bushel on Tuesday, following overnight profit-taking.

This comes as Russia works to establish alternative routes for its grain exports due to the closure of the Black Sea route caused by Ukrainian drone attacks.

Russia's Arctic port of Murmansk plans to ship its first grain from southern Russia as early as next month, using equipment normally reserved for fertilizer loading.