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StoneX analyst Arlan Suderman stated that due to the closure of the Kerch Strait, there is a risk premium in the wheat market. Traders are paying attention to the progress of the Russia Ukraine war, with rumors of Russia closing key food corridors becoming the primary concern. After Ukraine's crackdown on Russian energy facilities, there is a risk of closure of key export infrastructure, and concerns have arisen over Russia's retaliation to disrupt Ukraine's wheat supply. Wheat futures rose 3.4%.