The US wheat and corn futures both rose to their daily trading limit today on the invasion of Ukraine by Russian forces.
Wheat is up for the third day in a row and has climbed 15.29% over that time. From the January 2022 low, the price of wheat is up 27.03%.
Corn is up for six consecutive days and is up 12.9% from the low on February 16 for the year, corn is up 22.92%.
Looking at the wheat futures contract, the price high has reached $9.34 per bushel. That is up from the close yesterday of $8.04 and against its daily trading limit.
For the corn futures, the price high reached the limit high price of $7.18. That is up from the close yesterday of $6.54. The current price is off of its daily trading limit at $7.14 currently. The high price is still short of its 2021 high price of $7.35 reached on May 7, 2021.