Oil jumps $10 in a day… WHEAT price is skyrocketing!

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www.marketwatch.com/investing/future/crude%20oil%20-%20electronic?mod=home-page

Russia exports more wheat than any other country.

www.worldstopexports.com/wheat-exports-country/

“CBOT traders are starting to understand that the Ukraine war will be extended, and even if Russia is able to capture Ukraine in the coming weeks, the world will not allow Russian/Ukraine grain [or] energy to be sold,”

www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-01/card/ukraine-war-lifts-wheat-prices-to-highest-since-2008-9nuaCPvbPy5IS4NfQ4Fz

Russia and Ukraine account for about 29% of global wheat exports.

www.agriculture.com/markets/newswire/cbot-wheat-rises-by-daily-limit-to-nearly-14-year-high

Yesterday Wheat trading was halted.

‘The grain traded “limit up” during the day, meaning to the highest amount the price of a commodity is allowed to increase in a single day.”

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www.cnbc.com/amp/2022/03/01/wheat-futures-reach-highest-levels-since-2008-as-russia-invasion-advances.html

Check out this wheat chart.
Has just spiked 25%

Live trading of wheat

www.investing.com/commodities/us-wheat

This will add to the already bad runaway inflation problem…..

The United States imports wheat as well

www.statista.com/statistics/237902/us-wheat-imports-and-exports-since-2000/#:~:text=The%20United%20States%20exported%20some,wheat%20in%20that%20time%20period.&text=In%202018/2019,%20the%20United,at%2051.29%20million%20metric%20tons.

h/t Flying Poptart

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