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Wheat Hits Highest in a Week on Supply Disruptions in Black Sea

Bloomberg Markets Monday 10 August 2026, 03:23 UTC By Ben Westcott and Hallie Gu 1 min read
Key Points

Commodities Wheat Hits Highest in a Week on Supply Disruptions in Black Sea US wheat futures jumped to the highest in more than a week, as disruptions to shipping in the Black Sea raised the prospect of supply shortages from the crucial grain-growing region. Turkey temporarily halted Black Sea transits for its vessels over the weekend amid heightened security risks related to the Russia-Ukraine war. The country’s foreign minister, Hakan Fidan, called for a “moratorium” on attacks in the region.

Commodities Wheat Hits Highest in a Week on Supply Disruptions in Black Sea US wheat futures jumped to the highest in more than a week, as disruptions to shipping in the Black Sea raised the prospect of supply shortages from the crucial grain-growing region. Turkey temporarily halted Black Sea transits for its vessels over the weekend amid heightened security risks related to the Russia-Ukraine war. The country’s foreign minister, Hakan Fidan, called for a “moratorium” on attacks in the region.
Black Sea Commodities Wheat Hits Highest (EVENT) Black Sea (LOCATION) the Black Sea (LOCATION) Turkey (LOCATION) Russia (LOCATION) Ukraine (LOCATION) Hakan Fidan (PERSON)
Originally published by Bloomberg Markets Read original →

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