Wheat Rally back on with Russian Annex

٢١ سبتمبر ٢٠٢٢

Wheat surged $60 last night as Russia annouced votes in the local donbas regions they control in Ukraine. Critical to the wheat exports the port in that area also means perhaps sanctions and increased fighting may hurt global supply already under pressure.

Adding to momentum is global headline news about beer shortages which adds to the grain rally.

As long as these issues persist Wheat may trade aggressively higher as commodites move alot more sharply with the start of the war brining highs of $1300.