Posts

Showing posts with the label wheat futures
Show all
Image

self explanitory chart: Wheat prices sell off after surplus of all grain commodities on the futures market. Wheat holds support at $5.66 after it was reported that Russia aims to knock out Ukraine's Danube River ports, crimping 25% of Ukraine's wheat exports.

Post a Comment
Image

Oil hits $80 as markets begin to price in tighter supply and geopolitical concerns. Food inflation shock is on the way as Corn, Rice and Wheat futures are all bid (supported) above May 2021 highs.

Post a Comment
Image

Russia completely pulls out from the UN/Turkey initiated Black Sea grain deal. The Russian military have targeted Ukrainian grain silos. Reports are that they, the Russian navy via missile attacks, have destroyed 60,000 tons of grain.

Post a Comment