News

Russian airstrike hits Ukrainian port infrastructure

Russia has carried out another attack on Ukraine’s port infrastructure.

Matt Bennett with AgMarket.Net tells Brownfield the air strikes targeted some port and grain storage facilities along the Danube River. “It just seems to me that anytime you see some sort of a concerted effort to try to get more grain exported out of Ukraine, that there is an effort to impede that process.”

He tells Brownfield the attacks could further disrupt the flow of grain from the region, but the markets haven’t seen much change. “Maybe the trade has gotten tired of this particular type of news. Regardless, it’s not precipitating the same sort of reaction that we would have seen before whenever we see ports getting bombed.”

Bennett says there could be an increase in demand for U.S. wheat moving forward.