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Global wheat prices rise amid tensions
Global futures prices for wheat have increased by 0.9%, reaching $6.6175 per bushel, due to renewed clashes and air strikes between Russia and Ukraine. This has raised concerns over supply shortages and the impact on grain exports through the Black Sea ports. Despite a decline in corn prices and stability in soybean prices, the grain market remains volatile due to geopolitical tensions and logistical issues related to the suspension or delay of exports, as Ukraine seeks to establish a secure corridor for grain shipments amidst Russia's rejection of these plans.
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