Wheat Climbs as Attack Poses Risk for Key Russian Export Route
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Wheat extended gains after Ukraine used sea drones to cripple a Russian naval vessel and an oil tanker over the weekend, posing a risk for a key export route for Russian commodities through the Black Sea.
Top wheat shipper Russia moves most of its grain through the waterway. It is in the midst of a second bumper harvest, making this a crucial time for getting crops to markets and ensuring enough supply to constrain global food costs.