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Wheat Rallying to New Highs as Russia Looks to Escalation
Source: Nasdaq
Commodities & Raw MaterialsGeopolitics & WarMarket Technicals & Flows
Wheat prices are extending to new highs after fresh Black Sea-related developments. Chicago SRW futures are up about 42–43 cents, with the contract hitting the 45-cent limit near midday, while KC HRW is higher by roughly 36–37 cents so far. The move signals a bullish repricing of wheat supply risk tied to the Black Sea.
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