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المشهد العربي
Wheat and corn prices climb amid tensions
The prices of futures contracts for wheat and corn have seen a significant increase due to escalating geopolitical tensions in the Black Sea region, threatening the stability of global grain supplies. The rises resulted from attacks on port infrastructure and Ukrainian shipments, alongside rising oil prices that boosted demand for crops used in biofuel production. At the Chicago Board of Trade, wheat futures for September delivery rose to $6.79 per bushel, and December corn futures increased to $4.76, amid ongoing concerns about declining supplies due to the current tensions.
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