Wheat Futures Soar to 14-year High & Food Prices Could Be Next
(RT) Fears of supply shortages from Russia and Ukraine have sent prices skyrocketing. Global prices for wheat reached new multi-year highs on Thursday, as warring tensions between major exporters Russia and Ukraine continued to raise concerns about the global supply of the commodity.
Wheat futures were up 7.62%, at $10.59 per bushel – the highest since 2008. Corn and soybean oil futures prices also surged. May corn futures were up 0.7%, at $7.31 a bushel, after touching levels not seen since 2013.
Story from RT News. Cover image of wheat field (Unsplash).
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