Wheat rose as investors focused on Hurricane Ida for any signs of disruption to U.S. exports while weighing a broader advance in risk assets following dovish comments from the Federal Reserve, reports BNN Bloomberg.
Hurricane Ida hit the Louisiana coast on Sunday, imperiling U.S. energy supplies as well as key transport routes for soybeans and corn.
Major grain traders shuttered export terminals and at least one soybean crushing plant over the weekend.
The lower Mississippi river is by far the largest export region for soybeans and corn, accounting for more than half of U.S. shipments.
