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

Rep. Ritchie Torres calls for probe into futures trades placed ahead of March pause on Iran hostilities
Politics

Rep. Ritchie Torres calls for probe into futures trades placed ahead of March pause on Iran hostilities

U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images U.S. Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump’s announcement of […]

Read More
Pirro’s Powell probe faces a difficult road to appeal, former prosecutors say
Politics

Pirro’s Powell probe faces a difficult road to appeal, former prosecutors say

U.S. Attorney for the District of Columbia Jeanine Ferris Pirro speaks during a press conference at the Department of Justice, in Washington, D.C., U.S., Aug. 12, 2025. Annabelle Gordon | Reuters Federal prosecutors in Washington are facing a decision that will help determine whether Federal Reserve Chair Jerome Powell is swiftly replaced or lingers on […]

Read More
Democrats romp in Wisconsin Supreme Court race, narrow margins in Georgia
Politics

Democrats romp in Wisconsin Supreme Court race, narrow margins in Georgia

A voter casts their ballot inside the new Chicago Board of Elections ‘Super Site’ located at 175 N. State Street during the Illinois Primary Election in the Loop on March 17, 2026, as Illinois holds its General Primary Election, where registered party members select nominees for major races including U.S. Senate, in, Lieutenant Governor, Attorney […]

Read More