U.S. wheat futures hit a six-month high on Tuesday, supported by a pickup in export business and news that Russia, the world's top wheat exporter, is considering limiting grain exports through June, traders said.
According to a report at Reuters, corn and soybean futures drifted lower as brokers awaited the signing of the Phase 1 trade deal which could reopen China's giant market to U.S. grain and farm product exports.
Wheat rose on news that Russia's agriculture ministry is looking to set a non-tariff quota for grain exports of 20 million tonnes in January-June.
