Wheat gains ground, soybeans rise

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SINGAPORE- Chicago wheat futures climbed nearly 2 percent on Monday, as concerns over supplies from top exporting Black Sea region supported prices.

Soybeans rose for a second straight session, with prices underpinned by concerns over dry weather curbing production in key South American suppliers.

The most-active wheat contract on the Chicago Board of Trade (CBOT) added 1.9 percent to $8.13 a bushel, after climbing to its highest since Jan. 26 at $8.14 a bushel earlier in the session.

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Soybeans rose 0.4 percent to 15.89-1/2 a bushel and corn added 0.8 percent to $6.56 a bushel.

Wheat futures are gaining ground on increased concerns that Russia may invade Ukraine and disrupt grain shipments from the Black Sea region, a key area for exports. Washington urged all US citizens to leave the country within 48 hours.

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