Wheat prices continue to fall in global market despite the damage to the port of Izmail

On the night of August 2, the Russian Federation attacked the port of Izmail with drones, which led to destruction, fires, the destruction of 40 thousand tons of grain and the shutdown of one of the two largest Danube ports, which were the only working route for the export of grain from Ukraine. Against the background of the completion of the grain agreement, the suspension of exports through the Black Sea ports and the blocking of Ukrainian imports by the neighboring EU countries, only one export route remained available for Ukraine - through the Danube ports, but even the Russian Federation is trying to block it through constant shelling. However, the world wheat market yesterday did not react to the shelling of Ishmael, and prices continued to fall under the pressure of acceleration of harvesting and the results of the tender in Egypt. Yesterday, September futures fell: At the same time, Black Sea wheat rose by 0.4% to $240.75/t in Chicago. American wheat continues to fall in ...