Financial sanctions against Russia have ripple effects in global markets

Financial sanctions against Russia are having a ripple effect through the global markets, as the west blocked Russian banks from the SWIFT payment system.

Oil prices jumped five percent. Russian currency lost nearly a third of its value. It all comes as Russian and Ukrainian leaders meet in Brussels for the first round of talks.

Here is what the front grains contracts did during the overnight sessions.


Update on Russian invasion’s effect on U.S. ag and markets

Russian invasion of Ukraine causes ag markets to tumble

Analysts: sanctions on Russia could cause U.S. gas prices to climb higher