Russian Threat to Ukrainian Exports Looms Over Agricultural Markets

The possibility of an invasion looms large over the Ukrainian economy, with massive Russian naval exercises already threatening to choke off agricultural exports from a country that is a major world supplier of corn and wheat.

Russian naval exercises in the Black and Azov seas are rattling shipowners and exporters, with the Russians allowing only a ribbon of shallower coastal waters for merchant vessels to navigate from ports in Odessa and elsewhere.