Macro Finance
Wheat Holds Near Two-Month High After Black Sea Attacks
Bloomberg Markets·July 16, 2026·1 min read
Wheat futures held gains after jumping 5% on Wednesday, as Ukrainian and Russian strikes in the Black Sea threatened a key export route for the warring countries. The commodity remains near a two-month high amid ongoing geopolitical tensions in the region that have disrupted grain shipments and raised supply concerns in global markets.
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