Wheat futures rose 2.2% after Ukraine said a Russian missile hit a grain bulker in the Black Sea.
This was reported by Bloomberg, Ukrinform saw.
Wheat futures jumped by 2.2% after Ukraine announced that a Russian missile hit a ship carrying grain after it left Ukraine’s territorial waters, the report said.
Futures on the Chicago Mercantile Exchange rose to $5.9175 a bushel, the highest since July 2024.
Read also: FTA with Turkey will help attract investments, rebuild Ukraine - ambassadorThat said, the rise came ahead of the USDA's monthly supply and demand report, due September 12.
As reported, on September 12, Russia launched a missile strike targeting a civilian vessel transporting grain from Ukraine to Egypt via the Black Sea.
Photo: Facebook / Volodymyr Zelensky
