Business
Wheat Approaches Two-Year High as Impact of Oil Price Surge Widens
Wheat prices approached a two-year high as the escalating conflict in the Middle East caused oil and fertilizer prices to surge.
Chicago wheat futures were up 1.1% at $6.24 a bushel in morning European trade, after rising above $6.41 earlier in the session. Wheat futures were up just shy of 5% from their preconflict levels, and were on track to close at their highest price since June 2024.
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