Wheat rallied as Russia’s fresh barrage of attacks in Ukraine threatened exports of the grain through the Black Sea. Russian President Putin said his country’s attacks across Ukraine were made in response to Ukraine’s attack on a bridge to Crimea and more.
Wheat rallied Monday, with futures prices for the commodity settling at their highest since late June, as Russia’s fresh barrage of attacks in Ukraine threatened exports of the grain through the Black Sea.
“Uncertainty about the future availability of existing Russian and Ukrainian wheat supplies is driving prices right now, and headlines are feeding the uncertainty,” said Sal Gilbertie, president and chief investment officer at Teucrium Trading. — Sal Gilbertie, Teucrium Trading In Monday dealings, the most-active December wheat futures contract WZ22, +6.11% rose 57 3/4 cents, or 6.6%, to settle at $9.38 a bushel in Chicago. Prices marked their highest settlement since June 23, according to Dow Jones Market Data.
On Saturday, however, an explosion damaged Russia’s Kerch Strait Bridge, which connects Russia to occupied Crimea and has served as a conduit for Russia troops in southeast Ukraine. Added to that, “Australia has seen heavy rainfall and flooding over parts of New South Wales, including some wheat growing areas,” said Newsom. “This could lower what was expected to be near record production potential.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Canadian cereal brand Shreddies opened a pop-up 'wheat' dispensary in TorontoShreddies, an 83-year-old Canadian cereal brand, launched a pop-up “wheat” dispensary amidst the many pot shops dominating Queen Street West in Toronto — via TheGrowthOp cannabisnews ontarioretail
Weiterlesen »
Excited For Fall Baking? Here’s How to Navigate the Wheat ShortageThere’s a global wheat shortage. Experts explain how to extend your flour supply—from nut-based swaps to the magic of vital wheat gluten.
Weiterlesen »
FrontPageBets looks at best bets for Raiders vs. Chiefs on Monday Night FootballLas Vegas will take aim at Kansas City to cap Week 5 at Arrowhead Stadium.
Weiterlesen »