HAMBURG, Mar 18 (Reuters): Chicago wheat rose on Monday, recovering from last week's losses as Russia's weekend attacks on Ukrainian ports supported prices.
Corn rose partly on worry about dryness in the US while large Brazilian export supplies weakened soybeans.
Chicago Board of Trade most-active wheat rose 1.4 per cent to $5.36-1/4 a bushel at 1146 GMT. Wheat fell 1.7 per cent last week to around 3-1/2 year lows on plentiful world supplies and slack import demand. Soybeans fell 0.4 per cent to $11.92-3/4 a bushel while corn rose 0.2 per cent to $4.37-3/4 a bushel.
Russian air attacks damaged agricultural enterprises and destroyed several industrial buildings in the Black Sea port of Odesa and the Black Sea port city of Mykolaiv was also hit.
"Wheat is being supported by the Russian attacks on Ukrainian port grain installations over the weekend," said Matt Ammermann, StoneX commodity risk manager.
Wheat rises after attacks on Ukrainian ports
FE Team | Published: March 18, 2024 21:28:10
Wheat rises after attacks on Ukrainian ports
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