Daily Memo: On Ukraine and Global Wheat Prices
Wheat jumped 12.1% this week and corn 5.5% as U.S. yield cuts and Black Sea export disruptions tightened global supplies.
4 Articles
4 Articles
The escalation in the conflict between Russia and Ukraine led cereal to exceed US$ 280 in Chicago, its highest value since 2023.Soy was located close to US$ 470, the highest value in 26 months.
Daily Memo: On Ukraine and Global Wheat Prices
Spillover effect. Global wheat prices soared to their highest level in three years on Thursday over concerns of further escalation in the Russia-Ukraine war. The price of Chicago wheat increased 2.6 percent, reaching its highest level since July 2023. Over the past month, the price has jumped 18 percent. The spike comes amid reports that […] The post Daily Memo: On Ukraine and Global Wheat Prices appeared first on Geopolitical Futures.
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