Wheat quotations increased due to concerns about blocked supplies from Ukraine and Russia, but prices in Ukraine have decreased.

Threats by the Russian Federation to intensify attacks on Ukrainian ports and ships entering them have led to a speculative increase in wheat exchange rates and higher insurance costs for ships entering Ukrainian ports. However, this, in turn, has caused a drop in wheat prices in Ukraine. Attacks by Ukrainian drones on sanctioned tankers in the Black Sea were the first attacks on civilian ships not flying the Russian flag and heightened concerns about increased attacks on civilian ships from both the Russian Federation and Ukraine in the Black Sea, as well as attacks on Ukraine's port infrastructure, which will lead to restrictions on exports from the region. On all wheat exchanges, there has been a speculative increase in December wheat futures over the past 7 days: However, under the pressure of fundamental factors, production forecasts increased quotations over the month showed a decrease. The Buenos Aires Grain Exchange raised its forecast for the 2025/26 MY wheat crop in ...