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Wheat and corn up by daily maximum after Ukraine attacks

Wheat and soybeans hit highest since 2012; corn jumps to eight-month peak

A man stands next to the consequences of Russian shelling in Kyiv (Photo: AP/PTI)
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A man stands next to the consequences of Russian shelling in Kyiv (Photo: AP/PTI)

Reuters
US wheat and corn futures rose by their daily trading limits on Thursday, while soybeans reached the highest level since 2012, after Russian forces attacked Ukraine, exacerbating worries over global supplies.

Wheat rose for a third day, scaling its highest in more than nine years, while corn climbed to an eight-month peak.

Shortly after Russian President Vladimir Putin spoke in a televised address on state TV on Thursday, explosions could be heard in the pre-dawn quiet of the Ukrainian capital of Kyiv.

"Heightened tensions around Russia-Ukraine and a fair amount of uncertainty over Russian supplies over the coming months have

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 24 2022 | 2:39 PM IST

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