Wheat prices jump after Russian missile strike tests Ukraine deal

Ukrainian officials are still preparing to restart sea exports as soon as this week despite the attack on Odesa, which will serve as a stark reminder of the risks for shippers and insurers.

Wheat jumped after Russia’s weekend attack on the seaport of Odesa, even as Ukraine indicated it’s pushing ahead with a deal to begin shipping millions of tons of grain that has been piling up since the invasion.

The landmark agreement signed Friday aims to facilitate exports from three of Ukraine’s Black Sea ports, including Odesa, and was hailed as a vital step toward alleviating a global food crisis.

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