New (actually old) Russian threats to attack ukrainian ports push Chicago grain prices higher

chats and exchanges saw a sharp increase in activity and prices, according to broker Volodymyr Levkovskyi. Wheat futures on both Chicago and Euronext surged $8–14/ton over a short period amid concerns about potential disruptions to Black Sea shipping and logistics. Currently, there is no official confirmation of changes to the maritime corridor operations. Levkovskyi noted that after the recent incident involving the shelling of a Russian tanker in the Black Sea, escalation risks have grown, potentially leading to more attacks on Ukraine’s port infrastructure. He emphasized that market participants should plan export operations carefully, considering these risks, and ensure liquidity and risk management. Last week, HarvEast CEO Dmytro Skorniakov explained that the company is trying to sell grain as quickly as possible due to fears of continued Russian strikes on rail and port infrastructure, which could increase logistics costs. Alternative export routes, such as rail to the EU or ...