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Wheat Pares Weekly Loss After Attack Briefly Shut Russian Port

Source Bloomberg

Posted on August 5, 2023

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Wheat futures rose more than 4%, paring a weekly loss, after an attack forced a major Russian grain-shipping hub to temporarily close.

Traffic at the Novorossiysk port was halted for several hours on Friday after a Ukrainian drone attack on a naval vessel. The overnight assault was repelled without damage to port facilities, according to the Russian Defens..

For More Details Visit: https://www.bloomberg.com/news/articles/2023-08-04/wheat-gains-as-russia-halts-novorossiysk-port-traffic-on-attack#xj4y7vzkg