CoinDesk news. Against the backdrop of the world agricultural products supply-and-demand outlook report being widely seen as having a neutral impact on the market, traders have shifted their focus back to the latest developments in the Russia-Ukraine war. Rumors that Russia is closing a key grain corridor are traders’ top concern. In a report, StoneX analyst Arlan Suderman said: “The main situation remains that, with the Kerch Strait closed, there has been some risk premium in the wheat market before the weekend arrives.” Earlier, Ukraine escalated strikes on Russian energy facilities, followed by concerns that key export infrastructure could be shut down. Traders are also worried about the risk that Russia’s retaliation could disrupt Ukraine’s wheat supply. Wheat futures rose 3.4%.

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GlassBottleFeather
· 8h ago
If Ukraine’s wheat were truly hit by retaliation ripples, global food prices would likely rise further.
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Half-MeltedIceCreamUnderThe
· 10h ago
Energy facilities get hit one after another → the grain corridor is on the verge of an emergency → wheat futures jump 3.4%—this chain of events is too familiar.
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GateUser-7a050ee5
· 11h ago
Wheat’s rally this time came a bit suddenly; once the Russia-Ukraine situation flared up, the market couldn’t sit still.
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AirdropCheatSheet
· 11h ago
With the Kerch Strait locked down again, the Black Sea Grain Corridor is in doubt once more, and traders expect they won’t be able to sleep soundly over the weekend.
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