00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Russia and Ukraine are attacking port infrastructure in the Black Sea,
00:06disrupting grain shipments and contributing to higher wheat prices, according to CNBC.
00:12The countries account for about a quarter of global grain exports and
00:16shipped nearly 100 million metric tons in the year through June.
00:20Recent strikes on export facilities, tankers and vessels have made shipping insurance harder
00:26to obtain, pushing firms away from regional ports. Ukrainian land routes are also constrained
00:31by low Danube water levels and rail maintenance. Agricultural shipments face additional pressure
00:36from the Strait of Hormuz blockade and low water levels on Germany's Rhine. Analysts warn that
00:42higher fertilizer, diesel and labor costs, poor weather and financing constraints could reduce
00:48planting and threaten global food supplies next year. For all things money, visit Benzinga.com.
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