Analysis

War sparks sharpest wheat rally on record

By Malcolm Bartholomaeus
March 5 2022 - 12:00am
War sparks sharpest wheat rally on record

Last week Russia invaded Ukraine, and agricultural markets moved to extreme levels. Wheat was the leader because of the importance of both Ukraine and Russia in global wheat production and exports. As the invasion unfolded, Ukraine closed all its export shipping terminals, and Russia closed the Azov Sea to commercial shipping.

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