40,000 tons of Ukrainian grain were lost after Russian attacks in the Odesa region
The markets quickly shrugged off news of Russia’s attacks on Danube ports to close Wednesday in the red. Now, we are learning just how much damage the blast caused.
Ukraine says 40,000 tons of grain were destroyed; they were bound for China, Africa, and Israel. Reuters reports all activity has been suspended at a nearby port in Romania. Those ports were supposed to be an alternate route for grains out of Ukraine.
Analysts we have spoken with say while the markets are quick to react to the unrest, they are quickly turning their focus to the weather.