Wheat futures rose sharply after renewed Russian strikes on Ukraine and intensified attacks on Odesa and other Ukrainian port infrastructure, according to GrainTrade, citing a Bloomberg report on deteriorating prospects for peace talks. The move highlights renewed market sensitivity to Black Sea export risks after Ukraine’s grain exports were reportedly suspended from 22 July and Russian shipments from Azov and Black Sea ports declined.
September Chicago SRW wheat gained 6.6% to $268.4/t, while Kansas City HRW rose 5% to $291/t and Minneapolis HRS increased 4% to $265.3/t. September milling wheat on Euronext advanced 3.7% to €236/t, or approximately $275/t. December corn futures in Chicago rose 2.5% to $211/t, and November soybeans gained 2.3% to $465.2/t.
For European and Black Sea traders, the renewed attacks increase uncertainty around Ukrainian port availability, shipment scheduling and regional replacement demand. However, the article does not provide confirmed damage assessments or details of specific export cancellations, so the duration and physical impact on flows remain uncertain.