CHICAGO, Sept 9 - Chicago wheat futures fell on Wednesday as the market assessed diplomatic efforts to end Russia's war with Ukraine against continued disruption to Black Sea exports.
Profit-taking after a steady run-up in prices also weighed, analysts said.
Corn and soybeans eased, with attention turning towards U.S. Department of Agriculture forecasts on Friday that will offer a gauge of weather damage to Midwest crops.
The most-traded wheat contract on the Chicago Board of Trade settled 18-1/4 cents lower at $7.28-3/4 per bushel, holding below a 3-1/2-year high of $7.95 struck last week.
Wheat prices rose earlier as news of a Ukrainian strike on the Russian port of Novorossiysk put the focus back on war disruption to Black Sea trade.