Russia reassures Egypt on wheat exports after Odessa attack
The Russian missile attack on Ukraine’s port of Odessa came just a day after Turkey brokered a deal on safe passage of wheat exports from the war-torn country.
Wheat prices are up again, reversing the drop in response to the Turkish-brokered agreement between Russia and Ukraine on grain exports.
The price of wheat futures on the Chicago Board of Trade rose more than 3% today, going as high as $7.90 a bushel. The price had dropped significantly to $7.56 a bushel on Friday, according to market data. Chicago wheat prices are considered a benchmark for the global market.
