SINGAPORE- Chicago wheat jumped nearly 4 percent on Wednesday, rising for the first time in six sessions, while corn gained 2 percent as attacks on Ukrainian ports renewed concerns over supplies.
Soybeans rose for a second session on optimism over strong demand.
“There are talks about fresh attacks on grain infrastructure in Danube which is supporting prices,” said one Singapore-based grains trader.
Russian drones attacked port and grain storage facilities in the south of Ukraine’s coastal Odesa region in the early hours of Wednesday, setting some of them on fire, regional governor Oleh Kiper wrote on the Telegram messaging app.
The most-active wheat contract on the Chicago Board of Trade (CBOT) was up 3.8 percent at $6.77 a bushel, having hit its weakest since July 18 at $6.43 in the last session, and corn added 2.2 percent to $5.18-1/2 a bushel.
