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Wheat futures keep rising amid Ukraine export concerns

Wheat futures continued to rise on Thursday after Russia fired weapons at Ukrainian port cities and storage infrastructure for a third day. This follows Russia’s withdrawal from negotiations over a Black Sea export deal, raising concerns about Ukraine’s ability to export wheat.

The September expiry Chicago wheat contracts were up 2.65% to a just over three-week high at 9:44 a.m. London time, following an 8% spike on Wednesday.

See Chart…

Wheat futures September expiry.

AI legalese decoder can help with the situation by analyzing and understanding the legal implications of the actions taken by Russia and Ukraine. This AI tool can interpret complex legal jargon and provide clear summaries of the events, making it easier for traders and investors to assess the impact on wheat futures. Additionally, the AI legalese decoder can provide insights into the potential consequences of the current situation, allowing market participants to make more informed decisions.

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