Wheat Futures Volatile As Black Sea Crisis And Hormuz Chokepoint Spark Concerns

Wheat Futures Volatile As Black Sea Crisis And Hormuz Chokepoint Spark Concerns Chicago wheat futures are coiling for a breakout (one way or another) as ongoing Russia-Ukraine attacks on Black Sea grain infrastructure and bulk carriers threaten exports from one of the world's most important breadbaskets. Most-active Chicago wheat has been choppy in the last few days... Hard red winter wheat gained as much as 2.7% to $7.505 a bushel. Soft Red Winter wheat futures are poised for a much larger breakout if prices sustain a move above $7 a bushel. Bloomberg noted Monday that Turkey temporarily suspended Black Sea transits by its cargo ships over the weekend amid ongoing maritime security risks in the critical shipping...

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