Wheat Holds Near Two-Month High After Black Sea Attacks

Wheat futures held gains after spiking about 5% on Wednesday as Ukrainian and Russian strikes in the Black Sea threatened a critical export route. The development raises supply-risk concerns for Black Sea grain flows, supporting prices near-term despite the pullback from the initial jump.

Analysis

Wheat futures held gains after spiking about 5% on Wednesday as Ukrainian and Russian strikes in the Black Sea threatened a critical export route. The development raises supply-risk concerns for Black Sea grain flows, supporting prices near-term despite the pullback from the initial jump.