Cargill to Halt Russian Grain Exports, Boosting CME Wheat Futures
Nearby wheat futures on the Chicago Mercantile Exchange surged to a one-month top Wednesday, boosted by Russia’s announcement that Cargill will stop exporting grains from Russia on July 1, according to reporting from Reuters.
The May wheat contract was last trading 17 ¾ cents higher at $7.17 ½ cents per bushel. Corn futures were up 4 to 5 cents while soybeans were about 1 to 2 cents lower as of this writing.
Cargill, an international producer of food, agricultural...
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