🔺 Escalation of a new kind: Reciprocal missile and drone attacks directly targeting ships in the Black Sea and the Sea of Azov, as well as ports.

📈 Paris wheat futures jumped 7% in a single session, reaching €231.75 / $265 — the highest since February 2025.

📊 Chicago contracts climbed nearly 5% in one session and 7% since the start of the week, marking their highest level in two years.

⚠️ The corridor through which nearly one-third of global wheat trade flows has become a battlefield, and the market is repricing risk instantly.