Wheat Climbs After Russia Fires on Black Sea Ship for Inspection
Views: 5035
2023-08-14 08:55
Wheat rose in Asian trading after the Russian navy fired on a cargo vessel in the Black Sea

Wheat rose in Asian trading after the Russian navy fired on a cargo vessel in the Black Sea to stop the ship for checks, as heightened tensions in the key waterway continue to simmer.

Futures climbed as much as 1.2% to trade near $6.61 a bushel after falling 1.5% on Friday. The dry freight vessel Sukru Okan, sailing under the flag of Palau, had been heading to Ukraine’s port of Izmail when the naval patrol ship Vasiliy Bykov came across it in the southwestern part of sea early Sunday morning.

Read More: Ukraine Black Sea Drone Attacks Signal Rapidly Expanding War

Tags conss cmdtop industrial agr cmd alltop europe world trn markets cos futures cons business top russia eurtop industries