Wheat Prices Surge Globally After Major Ukrainian Dam Collapses

The collapse of the Kakhovka dam in southern Ukraine caused wheat and corn prices around the world to rise significantly.
The dam's destruction raised concerns about disruptions to Ukraine's exports of wheat, barley, corn and sunflower oil, exacerbating an ongoing global food crisis.
The collapse endangered crops in the area and threatened water supplies, prompting warnings of environmental disaster.
The cause of the collapse is disputed, with Ukraine blaming Russian forces and Russia blaming Ukraine.
The incident highlights lingering risks of higher costs for agricultural commodities as exports from Ukraine continue to fall due to the conflict.