Wheat Futures Hit Over 3-Year Peak

AI Summary

Wheat futures surged to over $7.40 per bushel in late August, reaching their highest level since June 2023. The increase is driven by heightened concerns over supply disruptions due to the escalating Russia-Ukraine war, which is expected to intensify with infrastructure strikes in Ukraine.

Wheat futures climbed toward $7.40 per bushel in late August, hitting its highest level since June 2023, as the escalating Russia-Ukraine war fueled concerns over further disruptions to supplies from one of the world’s key grain-producing regions. Russia is set to ramp up attacks on Ukraine, including infrastructure strikes, after concluding that peace talks have ...