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

Trump administration appeals latest court loss on tariffs
Politics

Trump administration appeals latest court loss on tariffs

The Trump administration on Friday appealed a court ruling that a 10% global tariff imposed in February was not justified under a 1970s trade law. The U.S. Court of International Trade ruled on Thursday in a 2-1 decision that Section 122 of the 1974 Trade Act was not meant to address trade deficits that occur […]

Read More
Virginia Supreme Court strikes down redistricting push in blow to Democrats
Politics

Virginia Supreme Court strikes down redistricting push in blow to Democrats

Campaign signage showing Virginia’s current electoral map alongside the proposed electoral map at a Republican Party volunteer table outside a polling location at Burke Centre Library in Burke, Virginia, US, on Saturday, April 18, 2026. Graeme Sloan | Bloomberg | Getty Images The Virginia Supreme Court on Friday struck down the state’s recently passed redistricting […]

Read More
U.S. and Iran trade fire in Strait of Hormuz; each claims other shot first
Politics

U.S. and Iran trade fire in Strait of Hormuz; each claims other shot first

A satellite view of the Strait of Hormuz, a strategic waterway between Iran and Oman that links the Persian Gulf to the Arabian Sea. Gallo Images | Getty Images The U.S. and Iran opened fire in the Strait of Hormuz, with each side claiming the other initiated the attack.  U.S. Central Command in a statement […]

Read More