News Snapshot:
Russia’s pre-dawn drone attacks Monday on Ukraine’s key Danube river port region targeted Kyiv’s best remaining export route, after Moscow reinstated its blockade of the country’s Black Sea ports last week. It was a major escalation after Russia launched several rounds of missile attacks last week on Ukraine’s Odesa port, its main Black Sea port. Key commodity markets responded Monday by jumping sharply upward. Joe Glauber, former chief economist at the U.S. Agriculture Department, predicted that if Monday’s big spikes in global wheat and other commodity prices endure, they would eventually put pressure on U.S. food prices and unleash other...
