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Wheat Hits Three-Year High as Russia Prepares to Escalate War
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply ChainCommodity Futures
Chicago wheat extended its rally to a three-year high on rising concerns that the Russia–Ukraine war could escalate and further disrupt supplies from a key global breadbasket. The market reaction signals tighter expected availability, supporting higher wheat prices but reflecting elevated geopolitical supply risk.
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