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Commodities

Russia-Ukraine Conflict Drives Wheat Prices Higher Amid Export Disruptions

Guavy AI Editorial Team
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Wheat Corn
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The ongoing conflict between Russia and Ukraine continues to disrupt global commodity markets, particularly wheat. December KC wheat futures surged by 33 cents per bushel to $7.67 3/4, with September Chicago wheat up 22 cents at $6.74 3/4.

The war's impact on grain terminals and export routes has exacerbated supply chain woes for Russia. News of Ukraine's strike on a Russian port in the Baltic Sea further intensified concerns about export delays.

Corn markets rebounded from Thursday's weakness, with December corn futures up 11 1/4 cents per bushel at $4.83 1/4 and March up 11 1/4 cents at $4.99.

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