21-08-2014 03:39 AM | Ukraine

Wheat prices skyrocket after Ukraine's attack on Russia

An attack by Ukrainian troops on a Russian armoured column has sent wheat futures for September soaring 3.5% to $5.56 ¼ a bushel in Chicago at one point, before easing to end at $5.51 ¼ a bushel, a gain of 2.6%.

With both Russia and Ukraine big exporters of competitively priced wheat, futures in the grain have been particularly sensitive to changes in regional tensions.
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