Wheat and corn prices have surged 37% and 21%, respectively, so far in 2022 and could move even higher as Russia's invasion of Ukraine continues. In preparation for Russia's invasion, Ukraine's military shuttered commercial shipping at its ports, sparking global fears of potential food shortages as a result.
RUSSIAN-UKRAINE WAR PROMPTS ANIMAL FOOD BANK TO RAISE MONEY FOR ENDANGERED PETS AND ANIMALS IN THE REGION Ukraine has long been considered a "bread basket of Europe" because of its rich soil. The nation accounts for 12% of the world’s total wheat exports, according to the U.S. Department of Agriculture. It is also estimated to supply 16% of the world’s corn exports this year.
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‘ why did Joe Biden stop drilling for wheat and corn ? “ - entire GOP
STAGFLATION for America!
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Russia-Ukraine war puts wheat on track for biggest weekly price surge since at least 1959Wheat futures are on track for their biggest weekly rise since at least 1959 as Russia's invasion of Ukraine crimps exports of the crucial grain. 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.
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Consumers Are Facing Higher Prices For Wheat, Corn Due to Russia’s Invasion of UkraineWheat prices jumped 37% and corn prices jumped 21% so far in 2022 after rising more than 20% throughout all of 2021
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Ukraine War Lifts Wheat Prices to Highest Since 2008Wheat futures are at their highest levels since the global financial crisis, amid Russia’s war in Ukraine WSJWhatsNow Bidenflation Inflation BidenPunishesThePoor DemPoliciesPunishThePoor SaintRampalJiM It has been estimated that Russia is now in receipt of some billion dollars per day as a result of soaring oil & gas prices. The price of wheat now also soaring will add even more to Russian state coffers. TheWest will lose both the geopolitical & economic war against Russia.
Source: WSJ - 🏆 98. / 63 Read more »
Wheat Prices Trade ‘Limit Up' Again, Hit Highest in Nearly 14 Years as Russia-Ukraine Conflict ContinuesRussia is the largest exporter of wheat and Ukraine is among the four biggest exporters of the commodity. Of the 207 million ton international wheat trade, 17% comes from Russia and 12% comes from Ukraine. Europe’s breadbasket
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Wheat futures surge to 14-year high on fears of war-driven supply shortagesThe price of a bushel of wheat topped $10 for the first time in more than a decade as investors began to weigh up concerns over shortage from the war between...
Source: MarketWatch - 🏆 3. / 97 Read more »