IDAHO WHEAT COMMISSION

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Grains Steady After Surge as Markets Size Up Black Sea, Supplies

Wheat and corn futures steadied after Wednesday’s jump, as markets weigh up escalating tensions in the Black Sea region against burgeoning global supply. Ukraine’s president on Wednesday denied Russian allegations that its government organized an attack on Vladimir Putin’s residence in the Kremlin. The flare-up adds to uncertainty over whether the safe corridor that allows Ukraine to export crops through the Black Sea will be extended beyond May and boosted wheat futures from a two-year low.

Rising Wheat