As attacks on ships and infrastructure continued in the Black Sea region, export shipments from one of the world's largest granaries were restricted, wheat futures rose to their highest level in three years, and once again raised concerns about food inflation. Chicago's most actively traded wheat contract once rose 2.4% to $7.2025 per bushel, the highest level since July 2023. Wheat futures have risen 12% since the beginning of this month.

As attacks on ships and infrastructure continued in the Black Sea region, export shipments from one of the world's largest granaries were restricted, wheat futures rose to their highest level in three years, and once again raised concerns about food inflation. Chicago's most actively traded wheat contract once rose 2.4% to $7.2025 per bushel, the highest level since July 2023. Wheat futures have risen 12% since the beginning of this month.