Core Viewpoint - Wheat prices have declined from a seven-week high due to improved yield expectations in Russia, the world's largest wheat exporter, driven by favorable weather conditions [1] Price Movement - Chicago wheat futures fell by 2.7% to $5.40 per bushel, marking a decrease from the peak levels seen since mid-April [1] Market Dynamics - Prior to this decline, grain prices had been on an upward trend, largely due to optimistic expectations that competitively priced U.S. wheat would boost global demand [1] - However, the ample supply from Russia may hinder U.S. exporters from expanding their sales further [1]