Key Facts
Wheat hit a three-year high as winter wheat futures in Chicago pushed to their strongest levels since 2023 on Black Sea supply fears, and the wheat-tracking fund WEAT added 0.85% to US$27.22.
Corn slipped with the corn-tracking fund CORN down 1.15% to US$19.80, pausing after its own run to three-year highs earlier in the week.
Soybeans held firm as the soybean-tracking fund SOYB edged up 0.04% to US$26.76, supported by steady Chinese demand for oilseeds.
Black Sea supply risk drove the day with Russian and Ukrainian grain exports shrinking as the war escalates, forcing importers to pay up for wheat.
