Russia suspended the agreement after Ukraine’s assault on ships that were ensuring the safety of sea routes Wheat futures soared nearly 8% on Monday after Russia withdrew from a grain export deal with Ukraine following an attack on ships involved in securing the trade route through the Black Sea. Chicago wheat futures rose 5.5% to $8.75 per bushel on Monday after hitting a high of $8.93 at the start of trade. Corn increased by 2.2% a bushel, while soybeans added 1% to $14.13. The grain deal, brokered by the UN and Türkiye, was agreed between Russia and Ukraine in July. It was aimed at unlocking agricultural export
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