The United States said it will mediate direct talks between Russia and Ukraine in Abu Dhabi on November 10–11, with the stated aim of discussing an end to the war. The talks are expected to cover post-war security arrangements, de-escalation, humanitarian efforts, security guarantees for Ukraine, and reconstruction opportunities. US negotiators are scheduled to meet representatives from France, Germany, Britain, the EU, and NATO in Brussels this week. On November 3, Chicago wheat futures fell 0.21% to $6.05¼ a bushel amid expectations for the talks and the possibility they could ease grain exports from the Black Sea region.
Wheat futures fell 0.21% following US envoy Steve Witkoff's announcement that Abu Dhabi will host Russian and Ukrainian delegations on November 10 to discuss ending the conflict.
Read the full storyThe first round of its kind since February comes amid disagreement over Europe’s participation, as U.S. and European officials meet in Brussels to discuss security guarantees and reconstruction support for Ukraine.