Wheat futures rose 5% on Wednesday and remained near a two-month high following attacks by Ukraine and Russia in the Black Sea. The strikes threatened a key export route used by both countries amid their ongoing conflict. This has heightened concerns about global wheat supply disruptions.
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Both Ukrainian and Russian forces are conducting strikes in the Black Sea.
Wheat futures jumped 5% on Wednesday.
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Wheat futures jumped 5% on Wednesday.
BloombergWheat futures held gains after jumping 5% on Wednesday, as Ukrainian and Russian strikes in the Black Sea threatened a key export route for the warring countries.
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Wheat futures jumped 5% on Wednesday.
BloombergWheat futures held gains after the jump.
BloombergUkrainian and Russian strikes in the Black Sea threatened a key export route.
BloombergThe export route is used by the warring countries Ukraine and Russia.
Bloomberg