Wheat prices spiked after a Russian announcement that it would withdraw from the Black Sea export agreement, a decision which is expected to have a negative impact on the market. On Monday, the most active contract on the Chicago Board of Trade (CBOT) rose by 5.7 percent as of 4:16 a.m. EDT, to trade at…
Wheat Climbs Over 5 Percent to 2-Week High as Russia Suspends Black Sea Agreement
October 31, 2022
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Business & MarketseconomyEuropeMarketsRussia-Ukraine Warwheat exportwheat priceswheat shortagesWorld
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War in Ukraine to Have Long-Term Impact on Food Prices: UN Report
April 18, 2022
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Business & Economycommoditieseconomic policieseconomyEuropefood pricesinflationMarketsRussia-Ukraine WarUkraine-Russia conflictwheat shortagesWorld
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The conflict in Ukraine and the sanctions on Russia are having a major impact on the world’s grain supplies, which will dramatically raise the cost of food along with energy and debt the longer the fighting continues. “The war in Ukraine, in all its dimensions, is producing alarming cascading effects to a world economy already…
Over Thousand Railcars Carrying Grain Stuck at Ukraine Borders
April 7, 2022
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Business & EconomycommoditieseconomyEuropeMarketsRussia Ukraine invasionRussia-Ukraine WarUkraine borderUkraine economywheat shortagesWorld
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Ukrainian train wagons containing grain are stuck close to the country’s border with Poland, according to data from Kyiv’s state-run railway company Ukrzaliznytsia. In total, 24,190 wagons carrying various goods like chemicals, iron ore, coal, etc. are waiting to cross the western border, Reuters reported, citing the railway company data. Of this, roughly 1,100 wagons…
Wheat Prices Spike On Potential Russia Sanctions
April 5, 2022
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BuchaBusiness & EconomycommoditiesEuropeMarketsNew Sanctions on RussiaRussia Ukraine invasionRussia-Ukraine Warwheat shortagesWorld
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U.S. wheat prices climbed for the second consecutive day amidst reports that more sanctions are being considered against Russia for its ongoing war in Ukraine and alleged crimes against the civilian population. U.S. wheat futures registered its lowest closing price in a month on April 1 at $9.84 per bushel. After rising on Monday, it…
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