Wheat prices have gone up due to the sharp deterioration of the situation in the Black Sea.

Traders fear that the escalation of the conflict between Russia and Ukraine could paralyze grain shipments from one of the world's key agricultural regions. For the global food market, this is an alarming signal. Ukraine remains one of the largest exporters of wheat and corn, and around 70% of its exports before the conflict went through the Black Sea ports, which are now experiencing serious disruptions, with some Ukrainian terminals halted and some ports operating at only 20% of their capacity. This has already led to a slowdown in shipments and a buildup of grain in warehouses. Against this backdrop, the most actively traded wheat futures in Chicago continued to rise. Any further escalation could lead to even more serious disruptions in global supply chains and provoke a new wave of food prices. In other agricultural markets, corn is also receiving support due to problems with ...