Wheat Jumps Most in Three Months as Urkaine Havoc Mounts
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Wheat futures jumped the most in three months after Ukraine said rebels shot down a Malaysian jet carrying 295 people near its border with Russia, spurring concerns that Eastern European grain shipments face disruption.
Escalating violence between the countries may hinder transportation to export terminals in the Black Sea region, Helen Pound, a senior commodity specialist at KCG Futures in Minneapolis, said in a telephone interview. Russia is the world’s fifth-biggest shipper, and Ukraine is ninth, International Grains Council and Eurostat data show.