Key Russian port halts grain exports after Ukrainian attack

Russia and Ukraine, which account for more than a quarter of global wheat exports, have stepped up attacks on Black Sea commercial ships and ports, raising concerns about supply.

A futures broker said, “If the fighting persists in the Black Sea with the logistical problems, then it will be pretty bullish for wheat.”

A "massive" Ukrainian drone and missile strike on Russia's port city of Novorossiysk has damaged grain export terminals and hit the last major Russian naval base on the Black Sea.

Grain exports from both Russia and Ukraine are falling as both countries attack each other's shipping facilities and ports.

One of Novorossiysk's largest grain terminals halted work on Wednesday, industry sources told Reuters.

Three grain terminals in Russia’s Black Sea port of Novorossiysk were damaged in a massive overnight drone attack, as Ukraine escalated strikes on key maritime infrastructure.

MOSCOW, Aug 12 - Two of Russia's biggest grain terminals at the southern port of Novorossiysk have suspended operations as a result of overnight Ukrainian drone strikes, four industry sources told Reuters on Wednesday.

Two grain terminals at Russia's Novorossiysk halt work after Ukrainian attack, sources say  Reuters