Markets
Wheat rises nearly 2% as US prepares to blockade Strait of Hormuz
- wheat futures rose on Monday, supported by higher oil prices after US-Iran talks collapsed
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CANBERRA: Chicago wheat futures rose on Monday, supported by higher oil prices after US-Iran talks collapsed and fears of a potential US blockade of the Strait of Hormuz, which heightened concerns over global fuel and fertiliser supplies.
Corn and soybean futures also climbed.
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