Wheat Hits Five-Month High After Russia Attacks Ukraine Port
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.