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Wheat Hits Five-Month High After Russia Attacks Ukraine Port

Photo By Agrihunt

Wheat extended a surge to the highest level in five months after Russia attacked a port on the Danube river in Ukraine, intensifying efforts to cripple a vital export route for Ukrainian grain to reach world markets.

A drone attack on Monday hit the Danube port of Reni, destroying a grain hangar. That’s about a week after Moscow ended a deal that allowed Ukraine to ship its crops across the Black Sea, and subsequently attacked Odesa ports.

Source Link: https://www.bloomberg.com/news/articles/2023-07-25/wheat-hits-five-month-high-as-danube-port-attack-is-huge-deal#xj4y7vzkg

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