Commodity prices continued to surge as Russia’s invasion of Ukraine moved into its second week. The geopolitical uncertainty is causing investors to flee equities in favor of commodities. Wheat futures are leading gains in the ag sector as global end-users scramble to secure supplies since Russia and Ukraine combine for around 30% of global wheat exports. Meanwhile, central banks are working to combat rising inflation. Surging commodity prices and inflation has rekindled the food versus fuel debate, with the White House reportedly studying whether an RFS ban would help tame food prices. There are also now concerns surging prices will eventually lead to a global recession. We cover all this and much more in this week’s newsletter, which you can access here.
Your Pro Farmer newsletter (March 5, 2022) is now available
Access this week’s newsletter here.
