Wheat futures reach record highs following price surges in sugar and eggs
Wheat prices on the futures market have climbed to a three-year peak due to rising Russia-Ukraine conflict in the Black Sea, which has disrupted shipments from a key global grain hub. On Thursday, Chicago contracts rose 0.9% to finish at $7.55 per bushel, marking a level roughly 30% higher than the lows seen in late June. While exporters are looking for different shipping paths, these options are unlikely to be enough.
by shortkt.com✓