The wheat complex slipped back on Thursday, with contracts marginally lower. Chicago SRW contracts saw nearby losses of 1 to 3 cents on the day. KC HRW futures posted front month losses of 2 to 3 ½ cents on the day. MPLS spring wheat posted gains of 2 to 3 cents on Thursday.
Russia and Ukraine continue to trade punches in the Black Sea and the Sea of Azov, with Russia striking a vessel and port infrastructure in Odesa (Ukraine’s main export port). Chornomorsk in particular was seeing some grain handling restrictions. Ukraine struck Russian oil refineries and claimed hits on at least 5 oil tankers.
