Global Grain Prices Soar, Wheat Hits Two-Year Highs Amid Supply Chain Fears
20 Articles
20 Articles
Extreme heat and increased attacks in the Black Sea have caused grain prices to surge to a 3-year high.
Attacks on ports may affect cereal flow; poor weather in US crops also contributed to the valuation
Black Sea risks lift U.S. wheat futures above $7 per bushel for first time since 2023
US wheat futures closed above $7 per bushel for the first time since late 2023, driven by surging tensions in the Black Sea and hot weather in crop growing areas around the world.
Paris Wheat Hits Two-Year High as Black Sea Tensions Lift Grains
Wheat rises amid Black Sea risks and corn hits 2-month high - BloombergWheat futures in Chicago rose 0.9% due to attacks by Russia and Ukraine, which heightened concerns about exports from the Black Sea. In the Russian Federation and Ukraine accounts for 25-30% of world wheat exports, and crop interruptions support prices.
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