bullish
Wheat explodes after Russia threatens to attack grain shipments // Dollar-Commodities Divergence
SUMMARY
Wheat futures soared as much as 9%, the biggest jump since 2012, as Russia threatened ships sailing to Ukrainian ports, escalating a conflict over exports from the key Black Sea region.
Russia’s defense ministry said that all ships headed to the ports from Thursday will be considered as potentially carrying military cargo.
It also said flag countries of vessels sailing to Ukraine will be considered as on Kyiv’s side in the conflict.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x