Wheat prices rise after Odessa attack; Russia says it targeted Ukraine military

Wheat prices rise after Odessa attack; Russia says it targeted Ukraine military


Kremlin says Odessa strikes hit military infrastructure

A spokesperson for the Kremlin on Monday insisted that the strikes in Odessa at the weekend targeted military infrastructure.

Repeating an earlier statement from the defense ministry, Dmitry Peskov told reporters that the strikes wouldn’t influence the gain exports from the region.

Ukrainian President Volodymyr Zelenskyy called the strikes on Saturday an act of barbarism.

—Matt Clinch

Wheat prices rise after Odessa attack

A fire destroys a wheat field as Russian troops shell fields to prevent local farmers from harvesting grain crops, Polohy district, Zaporizhzhia Region, southeastern Ukraine.

Dmytro Smolyenko | Future Publishing | Getty Images

Wheat futures prices for September on the Chicago Board of Trade were up 3.6% on Monday morning as traders showed caution on a grain export deal signed by Russia and Ukraine last week.

The two countries on Friday signed a U.N.-backed deal to resume exports of Ukrainian grain through the Black Sea. The deal is significant for global food supplies, but also as it’s the first major agreement between the two sides since Moscow launched it’s unprovoked onslaught on Feb. 24.

But Ukraine said Saturday that Russian missiles had hit the southern Ukrainian port of Odesa, throwing that new pact into doubt.

Russia likely struggling to repair combat vehicles, UK says

Posting one of its daily updates on Twitter, Britain’s defense ministry said it has located a Russian military vehicle refit and refurbishment facility near Barvinok, which is in Russia’s Belgorod Oblast, close to the Ukrainian border.

It added that at least 300 damaged vehicles were at the facility, which included armored personnel trucks and tanks.

“In addition to its well documented personnel problems, Russia likely continues to struggle to extract and repair the thousands of combat vehicles which have been damaged in action in Ukraine,” it said in the update.

—Matt Clinch



Source

China calls U.S. trade talks ‘good’ but quiet on next steps, as Trump hints at Xi call
Politics

China calls U.S. trade talks ‘good’ but quiet on next steps, as Trump hints at Xi call

U.S. Secretary of the Treasury Scott Bessent, China’s Vice Minister of Finance Liao Min, U.S. Trade Representative Jamieson Greer, and China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, meet on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 11, 2025. Keystone/eda/martial Trezzini | Via Reuters […]

Read More
Bitcoin RICO: Feds say 5 million crypto theft ring blew M on exotic cars, nightclubs
Politics

Bitcoin RICO: Feds say $265 million crypto theft ring blew $13M on exotic cars, nightclubs

Malone Lam, a defendant in a $230 million bitcoin heist, in a booking photo from the Broward County Sheriff’s Office in Florida. Broward County Sheriff’s Office Federal prosecutors in Washington, D.C., charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and […]

Read More
Trump’s military parade cost: Up to  million for D.C. march
Politics

Trump’s military parade cost: Up to $45 million for D.C. march

Members of the military stand as US President Donald Trump reviews the troops in Emancipation Hall during inauguration ceremonies at the US Capitol in Washington, on January 20, 2025. Jim Watson | AFP | Getty Images An upcoming military parade in Washington, D.C., to celebrate the U.S. Army’s 250th anniversary — which coincides with President […]

Read More