Wheat Jumps on Dam Blast as Fighting Escalates in Ukraine
- Grain silos on banks of river may be damaged: UkrAgroConsult
- Damaged ammonia pipeline seen key to grain export deal
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Wheat surged for a fifth straight day after fighting between Russia and Ukraine escalated, with the destruction of a dam and damage to an ammonia pipeline that Moscow views as key to negotiations for extending the Black Sea grain deal.
Ukraine said Russia blew up the dam in the country’s south, unleashing a torrent of water that threatens residents and complicates the battlefield separating forces along the Dnipro river. The dam is some way from the three Ukrainian ports covered under the grain deal, but flooding poses a severe risk to people, transport and logistics. Russia denied any responsibility.