Trump-Putin Call Revives Hopes for Ukraine Diplomacy
Euronext wheat futures took a hit on Tuesday as news of a phone call between US President Donald Trump and Russian President Vladimir Putin shifted market attention back to potential diplomatic solutions for ending the Ukraine war.
The call revived hopes that the conflict, which has lasted over four years, might be resolved through diplomacy rather than continued military action.
Euronext wheat futures settled 1% lower at €247.25 ($287.30) per metric ton after reversing course from earlier gains.