Ukraine

The Russia-Ukraine crisis sent wheat prices skyrocketing 50 cents higher, with corn up 30 cents at one point Thursday. Crude oil also soared above $100 per barrel, hitting the highest level since 2014.

European stocks rose Friday after Wall Street’s late rally. Investors welcomed Western sanctions on Russia that targeted its banks without blocking global payments system, leaving its energy sector largely untouched.

AgriTalk’s Davis Michaelson hosted Vince Malanga, president of LaSalle Economics, on Tuesday, Jan. 25, to dive into the current events and potential market impacts.

Clinton Griffiths talks with market experts to dive into how these global events will impact the agricultural markets and more.

There are issues on multiple fronts, including worries about higher energy prices and the potential for “cyber attacks” in the U.S.

Mounting conflict in the breadbasket of Europe is driving volatility in wheat markets as Russia and Ukraine account for 29% of global wheat exports.

Wheat fell to the lowest in almost three weeks in Chicago and corn declined amid speculation that tension between Ukraine and Russia will ease, improving the prospects for the Black Sea region’s grain exports.