In a context where the world agricultural product supply and demand forecast report is widely regarded as having a neutral impact on the market, traders' attention has turned again to the latest developments in the Russian-Ukrainian conflict. Rumors about Russia closing a key food corridor are a top concern for traders. StoneX analyst Arlan Suderman said in a report: “The main situation remains that, due to the closure of the Kerch Strait, there was some risk premium in the wheat market before the weekend arrived.” Earlier, Ukraine's crackdown on Russian energy facilities escalated, followed by a possible shutdown of critical export infrastructure. The risk of Russia's counterattack disrupting Ukraine's wheat supply is also a matter of concern for traders. Wheat futures rose 3.4%.

In a context where the world agricultural product supply and demand forecast report is widely regarded as having a neutral impact on the market, traders' attention has turned again to the latest developments in the Russian-Ukrainian conflict. Rumors about Russia closing a key food corridor are a top concern for traders. StoneX analyst Arlan Suderman said in a report: “The main situation remains that, due to the closure of the Kerch Strait, there was some risk premium in the wheat market before the weekend arrived.” Earlier, Ukraine's crackdown on Russian energy facilities escalated, followed by a possible shutdown of critical export infrastructure. The risk of Russia's counterattack disrupting Ukraine's wheat supply is also a matter of concern for traders. Wheat futures rose 3.4%.