- Advertisement -
CHICAGO- US grain and soybean futures eased on Friday as traders monitored diplomatic efforts to end Russia’s invasion of Ukraine and gauged continuing disruptions to Black Sea crop exports.
More than three weeks after launching its invasion, in what Moscow calls a “special military operation,” the Russian advance has stalled and failed to capture a single big city. Still, a World Food Programme official said food supply chains in Ukraine were collapsing, with infrastructure destroyed and many grocery stores empty.
Grain prices have been volatile since the invasion, as importers are heavily reliant on supplies shipped from Russia and Ukraine through the Black Sea.
- Advertisement -
Author
- Advertisement -
