Global Markets
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
AED • EUR • GBP • USD IBANs   |   CROSS BORDER FX   |   LOCAL CURRENCIES   |   DIGITAL ASSETS
MarketsWheat

Wheat Climbs as Black Sea Supply Risks Mount

Wheat prices climbed more than 2% to above $6.60 a bushel on Friday, bringing weekly gains to over 4%, the strongest performance since mid-July. The rally was driven by growing concerns over disruptions to Black Sea exports amid the Russia-Ukraine conflict. Russia and Ukraine remain critical to the global wheat market, together accounting for almost 30% of projected world wheat exports in the 2026/27 season, leaving prices particularly vulnerable to prolonged interruptions. Supply concerns intensified after Russia halted grain loadings at its main Black Sea and Azov Sea ports. Operations at all three major terminals in Novorossiysk have now been suspended following Ukrainian drone attacks earlier in the week. The disruptions could force Russia to reduce exports further this month, tightening global availability. However, there were signs of a possible diplomatic opening, with Ukraine reportedly proposing that both sides stop attacks on civilian targets in the Black Sea.

Register a Revolut Business Account

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button