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Reuters
Reuters
Business
By Gus Trompiz

Grain market braces for price flurry as Black Sea corridor in doubt

FILE PHOTO: Turkish-flagged cargo ship Polarnet, carrying Ukrainian grain, passes by Osmangazi Bridge entering Gulf of Izmit, Turkey August 8, 2022. REUTERS/Yoruk Isik

Wheat futures are expected to leap on Monday as Russia's withdrawal from a Black Sea corridor agreement puts Ukrainian exports at risk, analysts said.

Moscow suspended its participation in the Black Sea deal on Saturday, in response to what it called a major Ukrainian drone attack on its fleet in Russian-annexed Crimea.

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