Russia blows up a cargo exporting port in Ukraine

Sharply higher wheat prices led the recovery rally in grains today, as Russia reportedly destroyed a cargo grain export port in Ukraine over the weekend.

Heartland Market Talk
Heartland Market Talk
Russia blows up a cargo exporting port in Ukraine
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After closing at the lows of the week for corn and wheat last Friday, wheat futures almost posted a limit-up move today, as the likelihood of grain exports being allowed to occur over Ukraine this week was highly reduced. Russia destroyed a port that will take a year to fix; it will not sit well with NATO on discussing any prospects of a food corridor getting underway.

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