Ukraine has lost about a third of its grain export capacity via Black Sea ports. The current market reaction is likely to be more limited than in 2022.

While its not yet known if Russias grain flows were impacted, prices for wheat gained as much as 4.8%, the most since mid-May.

Ukraine has lost about a third of its grain export capacity via Black Sea ports. The current market reaction is likely to be more limited than in 2022.