Wheat futures are climbing after Ukraine's Black Sea ports came under renewed Russian fire, with three dry-cargo ships struck in recent days.The attacks threaten grain exports from one of the world's most important agricultural regions, heightening concerns among UN officials that supply disruptions could reignite global food inflation.Bloomberg reports:A ship was damaged at Pivdennyi port and two more were hit near Odesa, according to a Defense Ministry post on Telegram. Earlier Thursday, Ukraine attacked the Russian Black Sea port of Taman, a key gateway for grain shipments, while Russia hit vessels in and around Ukraine's Black Sea ports.Black Sea Turmoil The UN has warned that Russia’s attacks on Black Sea ports are increasing risks to global food security.
UN Under-Secretary-General for Political Affairs Kayoko Goto told the UN Security Council that a new wave of Russian strikes on Black Sea ports and merchant vessels poses a… pic.twitter.com/r68Ia7fi7P
— Jürgen Nauditt 🇩🇪🇺🇦 (@jurgen_nauditt) July 28, 2026With over 200 ships hit in the Azov and Black Sea this month, Russian Black Sea exports (and the revenue they bring) are being cut off.
And Russians now want to put guns and missiles on the remaining ships.
