World
Grain Export Terminals Targeted in Black Sea Attacks
Grain exports are declining as Ukraine and Russia attack each other's port facilities.
Recent attacks on grain export terminals in a major Russian port have impacted grain exports from both Russia and Ukraine. According to reports, these attacks are part of ongoing hostilities between the two countries, affecting shipping operations in the Black Sea.
Following the attacks, wheat futures in the EU have surged in response to the disrupted logistics. A futures broker noted that if the fighting continues, the ongoing logistical issues could create a bullish market for wheat.