Wheat rises for third day amid Ukraine tensions

Wheat prices have risen for the third consecutive session due to escalating fears that the war between Russia and Ukraine could disrupt grain supplies across the Black Sea, which serves as a major corridor for global wheat trade. The price increase came after Russia announced intensified attacks on Ukraine, raising the likelihood of disrupted shipping and export activities in the region. The wheat market heavily depends on the stability of shipping movements in the Black Sea, and if disruptions continue or worsen, futures prices are expected to rise further, as markets remain watchful of Turkish mediation efforts to restore the flow of shipments.

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