Wheat extends gains on short covering, war risk
Wheat futures rose for the fifth session due to Black Sea war risks and cold in Russia, prompting short-covering. Corn and soybeans also firmed, supported by the dollar and oil. Despite gains, ample global supplies weigh on grain markets. Russian attacks on Ukrainian ports and winter weather concerns influence wheat prices. Corn and soybeans saw moderate gains, with cautious trading ahead of holidays.
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