Black Sea Disruptions Fuel Euronext Wheat Rally
Euronext wheat rose on Wednesday due to increased demand and supply chain disruptions from the Black Sea region.
The December contract, the most-active contract on Euronext, was up 0.9% at €237.75 a metric ton, reaching its highest in more than two weeks at €238.00.
The Chicago wheat market also climbed over 2%, influenced by the drop in the US dollar as investors worry about inflation and public debt.