US wheat futures fall

US wheat futures fell in overnight trading amid concerns about geopolitical risks amid the escalating Israel-Gaza conflict and as Russia targets Ukrainian grain infrastructure. Iran said on Tuesday it would consider launching an attack on Israel if ground troops were sent to the Gaza Strip. Israel continued to bomb Gaza and the country's forces have exchanged fire with Hezbollah, the Lebanese group backed by Iran, according to media reports. US President Joe Biden is expected to visit Israel on Wednesday to meet with Israeli Prime Minister Benjamin Netanyahu. The administration has said Israel has the right to defend itself but is concerned about the developing humanitarian crisis. In Ukraine, Russian forces attacked ports and other export infrastructure in Ukraine using missiles that were originally designed for high-value targets, according to the UK Ministry of Defense. “Since its withdrawal from the Black Sea Grains Initiative, Russia has used its most valuable weaponry to ...