Wheat prices surge on Ukraine harvest concerns – media ...News

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March futures are near their highest level in over two months Wheat prices have soared to two-month highs this week amid fears that Russia’s military operation may jeopardize this year’s planting and harvesting season in Ukraine, several media outlets have reported, citing traders. March futures on the Chicago Mercantile Exchange closed at over $8.0075 a bushel on Monday, the highest since November 23. Quotes were slightly down on Tuesday but are still up for the year. Wheat prices initially jumped on Friday, with analysts attributing the surge to Russia’s latest missile strikes in Ukraine. Traders warn that infra

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