CHIGACO Board of Trade (CBOT) wheat prices jumped eight per cent earlier this week after Ukrainian ports were hit by Russian missiles and Russia’s Ministry of Defence warned that all vessels travelling to Ukraine’s Black Sea ports will be considered as potential carriers of military cargo.
Wheat prices have jumped following an escalation in the Russia-Ukraine conflict this week.
The price spike was the highest trading level of CBOT wheat since a sharp increase in mid-June and previously in February this year, Rabobank senior grains analyst, Dennis Voznesenski said. "As of this...
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