NEWS
Ukraine Crisis Pushes Grain Higher
Mon Mar 3, 2014 07:38 AM CST

(Dow Jones) -- Wheat prices shot higher in Europe on Monday as grain buyers fret over whether Ukraine will keep up its large exports of wheat and corn following Russia's occupation of the Crimean region.

The closely watched Paris milling wheat futures contract for delivery in May jumped 4.5% Monday to EUR205.50 a metric ton, the highest level since early December.

"The importance of the Black Sea region to global grain markets should not be understated," said Luke Mathews, an analyst at Commonwealth Bank of Australia, in a note Monday.

The Ukrainian Agriculture Ministry said Monday that planting of spring ...

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