Commodities
Chicago Wheat Premium Over Corn Grows to Highest in a Month
Wheat rose for a third straight day, with lower estimates for the harvest in top exporter Russia bolstering prices
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Chicago wheat is trading at the highest premium over corn in a month, as concern about the Russian crop supports prices.
Wheat rose for a third straight day, with lower estimates for the harvest in top exporter Russia bolstering prices. IKAR lowered its outlook for Russia’s 2024 crop to 82.2 million tons on Monday, due to adverse weather in the Volga, Urals and Siberia growing regions.