COM - Wheat rises on more potential Russia sanctions poor U.S. crop conditions

Wheat futures in Chicago rebounded Tuesday from the lowest close in a month on Friday, as accusations of war crimes perpetrated by Russia in Ukraine are leading to fresh sanction proposals which helped lift U.S. grains and other commodities. Continued stress on exports coming out of the Black Sea is providing support for grains, particularly wheat (W_1:COM), which led the CBOT with a +3.5% gain to $10.45 1/4 per bushel for the May contract; soybeans for May delivery (S_1:COM) settled +1.8% to $16.31 a bushel, and May corn (C_1:COM) closed +1.2% to $7.59 3/4 a bushel. ETFs: NYSEARCA:WEAT, SOYB, CORN, NYSEARCA:DBA, MOO, JJA, JJGTF, GRU, TAGS "Ports are closed in Ukraine and Russian shippers and exporters are not offering in part due to sanctions but mostly due to the war and the chance to lose ships," Jack Scoville of Price Futures Group said, Dow Jones reported. Worse than expected U.S.

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Wheat rises on more potential Russia sanctions, poor U.S. crop conditions