wheat prices flew by almost 5% after Russian attacks in Ukrainian cities, writes Bloomberg.
According to the Chicago Model Exchange, wheat futures with the supply in December took off by 4.8% and amounted to $ 9.23 per Bushel (the measure of the tank capacity, approximately 38.691 kg – ed.).
Experts believe that the escalation of geopolitical tension threatens the export of grain from Ukraine by the Black Sea. In addition, exacerbation is jealous of the possibility of extending an agreement on the export of grain from Ukraine, the duration of which expires in November.