Two cargo ships in Bulgaria's exclusive economic zone in the Black Sea were attacked by drones. The market feared that the escalation of tension might jeopardize important alternative food transportation channels in the region, and wheat futures continued to rise. Chicago Exchange's main wheat futures rose as high as 1.1%, hitting a nearly one-week high. The contract closed higher for four consecutive days, setting the record for the longest continuous increase since late August. On the European side, wheat futures on the Eurasian Exchange in Paris rose to a one-month high, and also rose for the fourth consecutive trading day, making it the longest continuous rise this year.
Zhitongcaijing · 1d ago
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Two cargo ships in Bulgaria's exclusive economic zone in the Black Sea were attacked by drones. The market feared that the escalation of tension might jeopardize important alternative food transportation channels in the region, and wheat futures continued to rise. Chicago Exchange's main wheat futures rose as high as 1.1%, hitting a nearly one-week high. The contract closed higher for four consecutive days, setting the record for the longest continuous increase since late August. On the European side, wheat futures on the Eurasian Exchange in Paris rose to a one-month high, and also rose for the fourth consecutive trading day, making it the longest continuous rise this year.
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