Russia’s latest assault on Ukraine caused wheat prices to surge in early trading. Futures were up 4.5 percent this morning, with shipments slowing in the region.
Earlier, Russia released videos showing multiple missile launches, saying they reached their targets. It is one of the largest coordinated attacks since the first weeks of the war. Ukraine says there is an assault on the power grid.
Today’s blasts come after the weekend attack on the bridge linking Russia to Crimea.
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Global conflicts, labor policy, and tightening wheat supplies are all competing for the attention of agricultural markets as producers navigate another volatile growing season.
Lewis Williamson with HTS Commodities joins us to discuss U.S. crop conditions, key market factors influencing the growing season, and potential opportunities and hurdles for agricultural trade moving forward.
