Black Sea turmoil lifts wheat as Sea of Azov disruptions tighten exports

Fierce Black Sea tensions and attacks on Sea of Azov port facilities are curbing Russia’s and Ukraine’s grain shipments, with Kerch Strait disruptions limiting traffic and Odesa terminals hit, prompting a rally in wheat futures; SovEcon’s Andrey Sizov warns there could be more upside if disruptions persist, but any reversal could be sharp as export capacity narrows, and farmers are advised not to rush hedges while volumes remain uncertain.