Wheat Gains More Than 3% After Drone Attacks In Black Sea
(Bloomberg) -- Wheat climbed more than 3% after Ukraine attacked another Russian vessel over the weekend, putting at risk exports from the Black Sea.
Futures in Chicago advanced as much as 3.4% in early Asian trading before paring some of the gain. Rising hostilities could threaten Russia's commodity flows via the Black Sea, a route that accounts for most of the nation's grain and 15% to 20% of the oil the OPEC+ producer sells daily on global markets.
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