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Wheat futures surge as escalating Russia-Ukraine war threatens Black Sea exports (WEAT:NYSEARCA)

Road through wheat field

Toltek/iStock via Getty Images

Wheat prices in the U.S. and Europe skyrocketed Wednesday, as the rising frequency of Ukrainian drone strikes against Russian infrastructure has shut down shipping routes through the Sea of Azov.

Ukraine officials said that as of Tuesday, drones had hit 116

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