Wheat futures rise in the US

US wheat rallied in trading overnight as speculative investors who were short the market, or had bet on lower prices, bought back their contracts and liquidated their positions after futures reached highs. contractual minimums. Corn futures were little changed overnight, while soybean futures rose. Wheat has been dwindling as more grain leaves Ukraine through its humanitarian corridor – a section of the Black Sea where ships have been moving freely for weeks. Russia exited the Black Sea Grain Initiative, which allowed ships to sail the waterway without fear of attack, in mid-July. Since then, however, Ukrainian forces have reportedly pushed the Russian naval fleet out of the region, allowing ships to enter and leave several Ukrainian ports along the Black Sea. In the US, winter wheat conditions have increased considerably from the same point last year. Half of the crop was in good or excellent condition on Sunday, up from 48% the previous week and well above the 34% that achieved ...