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Market Impact: 0.3

Wheat Rallies on Wednesday following Black Sea Escalation

Commodities & Raw MaterialsEnergy Markets & PricesTrade Policy & Supply Chain

Wheat and broader grain futures rallied Wednesday as concerns about Black Sea exports supported prices. Chicago SRW contracts closed mostly up 26 to 32.5 cents, while KC HRW front-months were up 23.75 to 42 cents.

Analysis

Wheat and broader grain futures rallied Wednesday as concerns about Black Sea exports supported prices. Chicago SRW contracts closed mostly up 26 to 32.5 cents, while KC HRW front-months were up 23.75 to 42 cents.

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Market Sentiment

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mildly positive

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0.15