Wheat Rises for Second Day on Concern Over Black Sea Corridor
- Fate of Ukraine’s safe corridor is ‘massive wild card’: StoneX
- Corn and soybean futures drop amid bearish supply signals
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Wheat futures in Chicago were on track for the biggest two-day advance in more than a month on concern Russia may interrupt Ukrainian grain exports in retaliation for a recent attack on the Kremlin.
Ukraine’s president has dismissed Russian allegations that it was behind a drone assault on Vladimir Putin’s residence in Moscow. The incident is raising alarm that Russia may hit back by shutting the so-called safe corridor that allows Ukrainian crops to traverse the Black Sea to export markets.