Bloomberg writers James Poole, Megan Durisin, and Kim Chipman reported today that, “Wheat futures in Chicago extended their climb from the lowest close in a month on Friday on prospects for more sanctions on Russia in response to allegations of war crimes in Ukraine.”
“More sanctions may impede Russian grain exports, while the war is likely to prevent planting on a large amount of land in the east of Ukraine. Shipments from Ukraine are at a virtual standstill, with its Black Sea ports closed,” today’s article said.
“Agricultural products haven’t been directly targeted by sanctions on Russia so far. The country is one of the world’s biggest wheat shippers and has still been exporting at a rapid clip,” the Bloomberg article said; adding that, “Wheat futures in Chicago jumped 3.1% to $10.42 a bushel on Tuesday,…
__________________________________________________
You can Read this Complete Story at:
Source Link
__________________________________________________
Tags:
Dow Today, Dow Jones Today
__________________________________________________
Related Links:
Stock Market
Latest News on C N N.
__________________________________________________
2022-04-05 10:02:59
