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SINGAPORE- Chicago wheat futures rose more than 7 percent on Monday as a bull run showed no signs of slowing, with prices climbing to a 14-year top on concerns over global supplies amid an escalating Russia-Ukraine war.
Corn rose 2 percent while soybeans gained more than 1 percent.
The Chicago Board of Trade (CBOT) most-active wheat contract rose more than 7 percent to $12.94 a bushel, the highest since March 2008.
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Corn 2.1 percent to $7.69-3/4 a bushel and soybeans added 1.2 percent to $16.80-1/4 a bushel.
With Ukrainian ports closed and operators reluctant to trade Russian wheat in the face of Western financial sanctions, buyers are trying to find alternative suppliers.
