Wheat Jumps 8 1/4 Cents as Black Sea Shipping Fears Reignite
Updated
Updated · Pro Farmer · Aug 10
Wheat Jumps 8 1/4 Cents as Black Sea Shipping Fears Reignite
3 articles · Updated · Pro Farmer · Aug 10
Summary
September SRW wheat rose 8 1/4 cents overnight and HRW gained 11 1/2 cents, leading grain futures higher on renewed concern over moving grain through the Black Sea.
Turkey briefly halted Black Sea transits for its vessels over the weekend before resuming Sunday, after Ukraine warned its 2026-27 agricultural exports could fall by more than half because of Russian attacks.
Positioning ahead of Wednesday’s USDA supply-and-demand report also supported trade, with analysts expecting U.S. corn production at 15.93 billion bushels and soybeans at 4.47 billion.
Weather remains another market risk: heavy rain is shifting into the Midwest and Ohio Valley, while Typhoon Dolphin in China threatens crop damage during a key harvest period.