{
  "id": 4889656,
  "title": "Chicago wheat futures reach three-and-a-half-year high",
  "url": "https://urgent.news/2026/09/01/chicago-wheat-futures-reach-three-and-a-half-year-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T15:59:10.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/commodities-news/chicago-wheat-futures-reach-threeandahalfyear-high-93CH-4884356"
  },
  "original_language": "en",
  "account": "Chicago wheat futures hit a three-and-a-half-year peak on Tuesday, following reports that Moscow had dismissed a proposed moratorium on attacks in the Black Sea and launched strikes against port infrastructure in the region. The principal wheat contract on the Chicago Board of Trade surged 13-1/2 cents to $7.87-1/4 per bushel, marking the highest level since February 15, 2023. Earlier, the contract had touched $7.92-1/4 a bushel, indicating a new high. Ukraine's officials confirmed that Russia had targeted Ukraine's port infrastructure and a border crossing with Romania in the southern Black Sea region of Odessa overnight. Ukrainian President Volodymyr Zelenskiy asserted that the attack was deliberate and caused damage to a border crossing point with Romania and export facilities. The sudden reversal of earlier losses was attributed to a statement by Turkey regarding its communication with both Russia and Ukraine regarding grain shipping via the Black Sea. Corn prices climbed to a three-year high due to a subpar U.S. crop and a rise in wheat's momentum. Soybeans achieved their highest level in over two-and-a-half years, driven by a biofuels announcement the day prior, ongoing Chinese acquisitions of U.S. soybeans, and apprehensions about adverse, dry weather potentially harming the U.S. soybean crop. This report was AI-assisted and subsequently reviewed by an editor for accuracy.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}