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Wheat jumps on Black Sea disruptions, corn eases
SINGAPORE: Chicago wheat rose almost 1% on Monday, recovering from a multi-week low as a lack of progress in restoring Black Sea supplies disrupted by the Russia-Ukraine war supported prices. Corn fell on pressure from large US inventories, while soybeans edged higher. Both commodities are likely to face headwinds from the ongoing US harvest. “There were some hopes of Black Sea exports resuming but nothing seems to have happened and cargoes are still not moving out,” said one Singapore-based wheat trader. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.9% to $6.89 a ...
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