IDAHO WHEAT COMMISSION

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U.S. Wheat up 2% as Black Sea War in Focus

Chicago wheat rose around 2% on Monday as global supply concerns intensified, spurred by fears of an escalation of attacks on Black Sea shipping after a Ukrainian strike on a Russian tanker. “Wheat is being supported by increased risks from the Black Sea war with the Ukrainian attack on a Russian merchant ship over the weekend following the attack on Novorossiysk on Friday,” said Matt Ammermann, StoneX commodity risk manager.

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