For the first time since July, Russia allowed grain ships to leave the Sea of ​​Azov. Bloomberg Russian authorities have temporarily allowed grain carriers to leave Sea of ​​Azov ports after nearly four months of shipping restrictions. According to Bloomberg, citing three sources, the permit applies to ships in the ports of Tameryuk and the Caucasus. At least one ship has already passed through the Kerch Strait into the Black Sea. Commercial shipping in the Sea of ​​Azov was suspended on July 10 due to the threat of terrorist attacks. Before the situation worsened, about a third of Russia's wheat exports went through this region. According to sources, the temporary approval for the departure of ships began on October 26. Owners of ships ready to leave and have crews can apply for departure from the ports. Against this background, wheat futures on the Chicago Stock Exchange fell 2.8% on October 28, reaching the lowest level since July 1. At the same time, market participants warn that the renewal of ships leaving the Azov River does not eliminate the threat to grain exports. Due to the ongoing hostilities, ships remain at risk of UAV attacks as they pass through the Black Sea. "The initial market reaction was a sharp drop in prices. Few believe that the opening of the ports will significantly change the risk situation," said Bertrand Austral, vice president of the StoneX brokerage company. Russia and Ukraine account for more than a quarter of the world trade in wheat. Attacks on ports and ships in the Black Sea-Azov region have previously led to supply disruptions and a rise in wheat prices to a three-year high in August.

For the first time since July, Russia allowed grain ships to leave the Sea of ​​Azov. Bloomberg Russian authorities have temporarily allowed grain carriers to leave Sea of ​​Azov ports after nearly four months of shipping restrictions. According to Bloomberg, citing three sources, the permit applies to ships in the ports of Tameryuk and the Caucasus. At least one ship has already passed through the Kerch Strait into the Black Sea. Commercial shipping in the Sea of ​​Azov was suspended on July 10 due to the threat of terrorist attacks. Before the situation worsened, about a third of Russia's wheat exports went through this region. According to sources, the temporary approval for the departure of ships began on October 26. Owners of ships ready to leave and have crews can apply for departure from the ports. Against this background, wheat futures on the Chicago Stock Exchange fell 2.8% on October 28, reaching the lowest level since July 1. At the same time, market participants warn that the renewal of ships leaving the Azov River does not eliminate the threat to grain exports. Due to the ongoing hostilities, ships remain at risk of UAV attacks as they pass through the Black Sea. "The initial market reaction was a sharp drop in prices. Few believe that the opening of the ports will significantly change the risk situation," said Bertrand Austral, vice president of the StoneX brokerage company. Russia and Ukraine account for more than a quarter of the world trade in wheat. Attacks on ports and ships in the Black Sea-Azov region have previously led to supply disruptions and a rise in wheat prices to a three-year high in August.