According to CoinMeta, negotiations related to Ukraine have alleviated risk premiums, causing wheat futures prices to fall to a 11-week low. As U.S. President Donald Trump increases pressure on Ukraine to reach a peace agreement with Russia, market participants have lowered their risk premiums, leading to wheat futures prices dropping to their lowest level since August 5th. On Wednesday, the most actively traded wheat contract fell by 0.5% during trading hours, marking the fifth consecutive day of decline. Although Ukrainian President Volodymyr Zelenskyy has attempted to show a reconciliatory stance, Trump remains critical, stating that the United States "has gained nothing" in its support for Ukraine. If a ceasefire is reached between the two sides, it could lead to a large amount of unsold wheat from Russia and Ukraine entering the market, increasing supply and causing market prices to fall. However, lachstock consulting firm reminds traders not to take the situation in the Black Sea region lightly, as there are still significant differences in their positions on territorial issues, highlighting the ongoing risks faced by supply channels.