A post by @FirstSquawk on X.

Wheat futures jumped after a drone strike on Russia's Ust-Luga Baltic port sparked a fire and injured three workers, reviving concerns over grain exports from the world's largest wheat supplier. Ust-Luga has become an increasingly important outlet for Russian grain shipments, so any disruption there carries outsized weight for global trade flows. The attack adds a fresh geopolitical risk premium to a market already sensitive to Black Sea logistics. Traders will watch whether the port resumes normal operations quickly and whether further strikes target export infrastructure.