Wheat futures have surged by nearly a third over the past four days, on track for the biggest weekly rise since at least 1959 as Russia’s invasion of Ukraine crimps exports of the crucial food grain and stokes fears of food inflation.
Corn futures C00 have jumped nearly 16% this week and soybean futures have been dragged up more than 6%. Soaring commodity prices will stoke inflation already running at a nearly 40-year high in the U.S., while threatening the outlook for growth.
Take THAT 1958!
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Analysis: Russia-Ukraine conflict highlights wheat supply vulnerabilityThe threat to wheat supplies from Russia's invasion of Ukraine has been exacerbated by a shift in global stocks away from major exporters such as the United States and European Union, undermining their effectiveness as a cushion in times of crisis.
Source: ReutersScience - 🏆 559. / 51 Read more »
Russia-Ukraine live updates: Lavrov declines to comment on civilian deaths in UkraineSOLIDARITY IN THE SKIES: Hundreds of drones put on a spectacular display of blue and yellow in the skies above South Korea, in solidarity with the people of Ukraine. oh look a drone show....that'll show Pukin.....facepalm KatibaMpya WenyeNchiWananchi War's over guys, this did it. Virtual signal apex has been reached.
Source: ABC - 🏆 471. / 51 Read more »
Russia-Ukraine war live updates: Kharkiv under fresh attack, more than 1M have left UkraineRussia's invasion of Ukraine entered its seventh day Wednesday, with heavy attacks on the cities of Kharkiv and Kherson.
Source: YahooNews - 🏆 380. / 59 Read more »
Russia-Ukraine live updates: Major blast lights Kyiv sky as bloody battles rage across UkraineOver 1 million people have fled Ukraine since the Russian invasion began, according to the U.N. refugee agency, a massive exodus that is set to become Europe’s worst humanitarian crisis this century. How many Ukrainians must be murdered before the USA/NATO stop this slaughter? Western leaders know their “aid” is weak & allows for brutal deaths. How many times are these “leaders” going to be cowered by Putin’s nuclear threat? Which nation does Putin take next? This is sick! Please retweet this and show how the Ukrainians have compassion for their fellow human beings. Unlike the dictator putin . The United States and Western nations are politicizing the situation in Ukraine
Source: washingtonpost - 🏆 95. / 72 Read more »
Russia-Ukraine updates: Ukraine says 34 civilians killed in Kharkiv, no water or power in MariupolRussia-Ukraine updates: Ukraine says 34 civilians killed in Kharkiv region, no water or power in Mariupol 👇🏼🎶👇🏼 Then you should call for help so we russiaaaaa can be at your aids 👇🏼⚠️😳⚠️👇🏼
Source: nypost - 🏆 91. / 67 Read more »
Russia attacks Ukraine: UN votes to condemn Russian aggression against Ukraine (live updates)Follow along for the latest on the U.S. response to tensions between Russia and Ukraine. Publix isn’t selling any Russian products ijs
Source: ActionNewsJax - 🏆 436. / 53 Read more »