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

Greenland PM rebukes Trump special envoy overture
Politics

Greenland PM rebukes Trump special envoy overture

Greenland Prime Minister Jens-Frederik Nielsen on Monday rebuked President Donald Trump’s appointment of a special envoy to Greenland, the U.S. president’s latest move in his long-running effort to acquire the autonomous island territory of Denmark. “Greenland belongs to the Greenlandic people, and territorial integrity must be respected,” Nielsen said in a statement. “We are happy […]

Read More
Crypto laments loss of key ally on Capitol Hill after Lummis announces retirement
Politics

Crypto laments loss of key ally on Capitol Hill after Lummis announces retirement

Senator Cynthia Lummis, R-Wyo., listens during a panel titled ”Make the Greatest Economy in the World Work for All Americans” at the America First Policy Institute America First Agenda Summit in Washington, July 26, 2022. Sarah Silbiger | Reuters The cryptocurrency industry is mourning the loss of its fiercest advocate on Capitol Hill after Sen. […]

Read More
Epstein Files: Schumer to force Senate vote on suing DOJ over partial release
Politics

Epstein Files: Schumer to force Senate vote on suing DOJ over partial release

Senate Minority Leader Charles Schumer, D-N.Y., speaks during a news conference on a new “Democratic initiative to lower costs,” in the U.S. Capitol on Wednesday, December 17, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Senate Minority Leader Chuck Schumer said on Monday that he will force the Senate to vote on suing […]

Read More