Grain Market Braces for Price Flurry as Black Sea Corridor in Doubt

Grain Market Braces for Price Flurry as Black Sea Corridor in Doubt
Turkish-flagged cargo ship Polarnet, carrying Ukrainian grain, passes by Osmangazi Bridge entering Gulf of Izmit, Turkey, on Aug. 8, 2022. Yoruk Isik/Reuters
Reuters
Updated:

PARIS—Wheat futures are expected to leap on Monday as Russia’s withdrawal from a Black Sea corridor agreement puts Ukrainian exports at risk, analysts said.

Moscow suspended its participation in the Black Sea deal on Saturday, in response to what it called a major Ukrainian drone attack on its fleet in Russian-annexed Crimea.