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Wheat Futures Volatile As Black Sea Crisis And Hormuz Chokepoint Spark Concerns
Wheat Futures Volatile As Black Sea Crisis And Hormuz Chokepoint Spark Concerns
Chicago wheat futures are coiling for a breakout (one way or another) as ongoing Russia-Ukraine attacks on Black Sea grain infrastructure and bulk carriers threaten exports from one of the world's most important breadbaskets.
Most-active Chicago wheat has been choppy in the last few days...
Hard red winter wheat gained as much as 2.7% to $7.505 a bushel.
Soft Red Winter wheat futures are poised for a much larger breakout if prices sustain a move above $7 a bushel.
Bloomberg noted Monday that...
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Iranian authorities have newly announced hundreds more arrests across the country, describing that anti-government "pro-monarchy cells" and "traitors" have been exposed and caught.
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