Wheat prices on Wednesday were on track for their biggest one-day gain since February 2022. Russia this week also backed out of a deal that had ensured safe passage for Ukraine exports in the Black Sea. The missile bombardment targeted critical Ukrainian grain facilities, and wheat prices, while still below last year's record highs, are on pace for their steepest one-day gain since February 2022, when Vladimir Putin first ordered his "special military operation." The initial agreement, which Russia, Ukraine, and Turkey hammered out last July, permitted Ukrainian exporters to ship corn, wheat, and other goods from three ports around Odesa. "Russia might collapse into multiple pieces, like the Soviet Union, and that might not be a bad thing for the world."

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Persons: Vladimir Putin, Volodymyr Zelenskyy, Putin, It's, Volodymyr Lugovskyy Organizations: Service, Street Journal, Kremlin, Indiana University Locations: Russia, Odesa, Ukraine, Wall, Silicon, Chicago, Moscow, Turkey, Soviet Union