Euronext wheat rises to contract highs on Black Sea disruption fears
Euronext wheat jumped about 3% on Tuesday to contract highs, with three-year peaks for U.S. prices. Traders cited renewed fears of lasting Black Sea export disruption and fund buying, alongside a crude oil rally after U.S.-Iran fighting resumed.
Euronext wheat jumped about 3% on Tuesday to set contract highs, with three-year peaks for U.S. prices and renewed fears of lasting disruption to Black Sea exports stoking investment fund buying, traders said.A rally in crude oil as fighting resumed between the U.S. and Iran further supported wheat…