Euronext wheat extends gains to new contract highs on Black Sea risk
Euronext wheat extended Wednesday gains to post more contract highs. Traders cited little de-escalation of Black Sea hostilities affecting near-halt Russian and Ukrainian shipments, with firmer crude oil and corn also supporting wheat buying.
Euronext wheat extended gains on Wednesday to post more contract highs, with traders seeing little sign of de-escalation in hostilities in the Black Sea region to ease a near-halt in Russian and Ukrainian shipments there. Firm crude oil and corn prices also supported buying in wheat, traders said.