Putin criticizes grain corridor, wheat prices soar

Wheat prices rose 4.5 percent after Russian President Vladimir Putin criticized the grain corridor and said it would be re-evaluated.

Wheat prices rose sharply after Russian President Putin announced that they would consider limiting the route of grain and other foods to Europe. Wheat futures prices rose after Russian President Vladimir Putin criticized the Ukrainian grain deal.

Chicago wheat futures erased their losses on the day, rising 4.5 percent per bushel, to $ 311 per ton reaching their mid-June peak.