US wheat benchmarks soar as Russia pulls out of Ukraine deal

01.11.2022

Chicago wheat futures jumped 6% and corn rose more than 2% on Monday as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies.

The most active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 6.1% at $8.79-1/2 a bushel at 1221 GMT, having...