The Impact of the Kakhovka Dam Breach on Global Wheat and Corn Prices.

A Soviet-era dam on the Dnipro River in southern Ukraine was breached, causing floodwaters to surge across the war zone. Ukraine accused Russia of destroying the dam, while Russia claimed Ukraine sabotaged it to cut off water supplies to Crimea and distract from a "faltering" counter-offensive. The dam's destruction risks lowering the water level of the North Crimean Canal, which supplies 85% of Crimea's water needs, and affects the Zaporizhzhia Nuclear Plant, Europe's largest. Evacuations of civilians have begun on both sides of the front line, with around 42,000 people at risk from flooding.