October 2, 2022
Wheat rises over 4% on global supply woes; corn, soybeans firm

The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 4.6% at $10.87-3/4 a bushel, as of 0031 GMT. Corn Cv1 climbed 1.7% to $7.39 a bushel and soybeans Sv1 added 0.9% to $17.12-1/4 a bushel.

SINGAPORE: Chicago wheat futures rose more than 4% on Monday, rising for a second session in three as worries over supplies from the Black Sea region and strong demand underpinned prices.

* The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 4.6% at $10.87-3/4 a bushel, as of 0031 GMT. Corn Cv1 climbed 1.7% to $7.39 a bushel and soybeans Sv1 added 0.9% to $17.12-1/4 a bushel.

* Global wheat supplies have tightened after Russia’s invasion of Ukraine earlier this year curbed supplies from one of the top exporting regions of the world. Adverse weather in the United States has added to supply woes.

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