Wheat Rises as Russia Pounds Ukraine's Energy Infrastructure
Dow Jones10-13
1411 ET - Russia continues to strike Ukraine's energy infrastructure, even after President Trump had said both sides would stop energy strikes Sunday. CBOT wheat futures are rising on expectations of further supply chain issues. The full grains complex is also reacting to the idea that ongoing fighting will raise risk factors for further inflation. "The Russian/Ukraine war will further constrain refinery capacity heading into winter," says AgResource in a note. "High energy prices are stoking fears of future inflation." Most-active corn is up 0.6%, soybeans fall 0.3%, and wheat is up 0.3%.
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