Wheat Rises as Black Sea Attacks Add to Crop-Export Concerns

Grain and oilseed futures edged up in the US, as attacks on both Ukrainian and Russian infrastructure added to fresh worries over crop exports from the key Black Sea region.

Russia stepped up attacks at Ukraine’s Odesa ports in the Black Sea, including Pivdennyi, the country’s largest. A shipping terminal belonging to oilseed firm Allseeds was attacked over the weekend, and the facility was damaged, according to a spokesperson for Vice Prime Minister Oleksiy Kuleba. The company confirmed that its terminal came under bombardment on Dec. 20 and at least one person was killed.