World wheat prices rise sharply after Russian attack on grain carrier in the Black Sea - Bloomberg
Kyiv • UNN
December wheat futures hit a 2-month high after Russia attacked a grain carrier in the Black Sea. Prices rose by 2.2% to $5.9175 per bushel amid low harvests and expected supply cuts.
After Russian troops attacked a grain carrier in the Black Sea, wheat futures jumped to the highest level in 2 months. Bloomberg writes about it, UNN reports.
Details
It is noted that December wheat futures rose by 2.2% after Ukraine announced that a Russian missile hit a grain carrier in the Black Sea. The Russians attacked the ship as soon as it left Ukrainian territorial waters.
Wheat futures on the Chicago Board of Trade rose to $5.9175 per bushel, the highest since July 2024.
The newspaper adds that today's attack on the grain carrier by Russia took place against the backdrop of low wheat harvests in leading producing countries and an expected reduction in supplies by exporters.
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