Corn Hovers at Decade High as War, Weather Stoke Supply Fear
- Traders take profits after futures touch fresh 10-year peak
- The grain approaches record of $8.49 per bushel set in 2012
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Chicago corn futures are hovering close to a decade high reached earlier Tuesday as the war in Ukraine curtails grain sales and weather hampers crops elsewhere.
Ukraine’s president said Russian forces had begun a new campaign to conquer the Donbas region in the east. The crisis has obstructed shipments from the Black Sea region, a major hub of corn and wheat exports.