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Commodities

Euronext Wheat Prices Spike Amid Russia-Ukraine Export Fears

Guavy AI Editorial Team
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Wheat
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Euronext wheat prices have surged to a one-month high due to concerns over potential disruptions to Russian and Ukrainian grain exports.

The December contract on Euronext rose by 0.6% to €246.75 ($287.46) per metric ton, with the benchmark contract touching €249 earlier in the session.

This marked its highest level since July 24, when it reached a contract high of €250.50.

The recent escalation of conflict between Russia and Ukraine has led to reports that Russia is considering increasing ballistic missile strikes on Ukraine, reducing expectations for a quick recovery in Black Sea grain shipments.

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