Ag Russia & CIS

06/09/2023 SOURCE: apnews.com

Wheat prices jump following collapse of major dam in southern Ukraine

The collapse of a major dam in southern Ukraine sent global prices of wheat and corn higher. The destruction has renewed market fears about the fragility of the country’s ability to ship food to Africa, the Middle East and parts of Asia as it fights a war with Russia. Wheat prices gained 2.4% early Tuesday on the Chicago Mercantile Exchange, to $6.39 a bushel. Prices were higher earlier in the day, but declined somewhat in the hours following. The destruction of the dam has raised concerns about disruption to Ukraine’s affordable grain supplies getting to developing nations where people are struggling with hunger and high food prices.

Read More

John LaRose Jr. John LaRose Jr.
shared this article 1 year ago
Topics: Commodities, Agriculture Global, Ag Russia & CIS, Commodity/Trade Groups,

Advertisement

Where agriculture and technology come together. Learn to provide compelling solutions for today’s agricultural challenges. Agribusiness at Greenville University