Chicago | Reuters – U.S. wheat futures jumped 6 per cent, hitting a two-week high, and corn rose more than 1 per cent on Monday as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies.
Soybeans followed the trend, with the most-active January SF3 contract setting a one-month top.
As of 1:08 p.m. CDT (1808 GMT), Chicago Board of Trade December wheat WZ2 was up 54 cents at $8.83-1/4 per bushel after reaching $8.93-1/4, the contract’s highest since Oct. 14.
Benchmark CBOT wheat futures Wv1 hit a record high of $13.63-1/2 a bushel in March.
