Financial Ports

Black Sea Blockade Sends Wheat Prices to Three-Year High

CLAVE 1 / 4Wheat futures on the Chicago exchange have surged 18% since the start of August.

CLAVE 2 / 4Ukrainian grain exports have plummeted by 80% this month due to shipping disruptions.

CLAVE 3 / 4Russian wheat exports are down 2.6-fold year-over-year amid terminal damage.

CLAVE 4 / 4About 70 ships are stranded off the Sulina Canal, a key Danube route.

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