Wheat prices decline despite  Black Sea exports flashpoint

Wheat markets shrugged off a further escalation of tensions in the Black Sea, after Russia said it fired on a cargo vessel over the weekend to stop the ship for checks, and key prices declined 1.6%. 

Ukraine said the vessel stopped — the Sukru Okan — was Turkish. Sources said the ship was empty and had unloaded a corn cargo the previous day in Greece. It was heading to the Ukrainian port of Izmail to load more grain and is currently docked in Romania.