Wheat at a two-year high, record global soybean crop, Black Sea and Hormuz disruptions

AMIS Market News Summary Week 29: geopolitics, biofuels and weather driving global grain prices

World wheat has climbed to a two-year high as Black Sea shipping disruption and heat damage in the European Union and the United States tighten supply, even as the prospect of a record global soybean crop keeps oilseed prices steady. Rice and urea firmed, and renewed strain on the Black Sea, the Strait of Hormuz … Read more