Russian Wheat Exports Brace for Decade Low in August Amid Black Sea Attacks

AI Summary

Recent attacks by Russia and Ukraine on each other's agricultural export facilities and commercial vessels in the Black Sea have disrupted wheat exports, leading to a decade low forecast for Russian wheat exports in August and pushing wheat prices higher globally.

Russia and Ukraine have been attacking each other’s agricultural export facilities and commercial vessels in the Black Sea in recent weeks, driving wheat prices higher on global markets.