US wheat contract reaches historic high as supply concerns increase

23.11.2021

Chicago wheat futures rose to their highest in around nine years on Monday as rain in Australia intensified concern about shrinking supplies in leading global exporters.

Soybeans and corn also rose, gaining spillover support from wheat.

Chicago Board Of Trade most-active wheat was up 2.1% at $8.51-3/4 a bushel at 1201 GMT,...