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Benzinga

Business

Melanie Schaffer

Wheat Futures Rise As Russia's Attacks On Ukraine Intensify

Russia Ukraine United States Kyiv

Wheat Futures (NYSE:ZW) surged over 6% higher on Monday after Russia intensified its attack on Ukraine, shelling the capital of Kyiv during the early morning hours.

The escalation comes after an explosion on Saturday damaged President Vladimir Putin’s strategic bridge — the Kerch Bridge that connects the Russian mainland to annexed Crimea. Russia considers the assault against the bridge a terrorist attack.

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