24 Hrs
Source:
الاقتصادية
Wheat prices hit monthly high amid Ukraine conflict
The prices of U.S. wheat futures have risen to their highest levels in over a week, driven by growing concerns over a supply shortage from the Black Sea region, the main hub for exports from Russia and Ukraine, due to escalating attacks on infrastructure and ships in the area. Ongoing tensions and security incidents have pushed wheat prices higher, with the hard red winter wheat contract increasing by up to 2.7% to reach $7.5050 per bushel, the highest since July, marking the fourth consecutive week of gains. Additionally, Ukraine announced the possibility of reducing its agricultural exports by more than half for the 2026-2027 season due to Russian attacks, further fueling expectations of a tightening global wheat supply and driving prices upward.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)