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Wheat up 40% this week on Black Sea supply panic

Golden wheat fields

FluxFactory/E+ via Getty Images

Chicago wheat futures again jump by the daily limit, capping a record 40% gain this week, as fears rise that Russia's invasion of Ukraine will cause massive disruption to supplies from the Black Sea region.

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Comments (22)

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Value Digger profile picture
Wheat is one of the Big Shorts in 2022.
JackWolf profile picture
This too is on Putin.
b
@JackWolf weird way to describe Brandon
JackWolf profile picture
@biggdogg Don't like it here or don't like our elections, Russia will greet you and people like you with open arms, I'm sure.
FaultyR0M profile picture
@JackWolf you honestly thinks he cares if we starve?
a
What a humankind tragedy that will exasperate world hunger. I fear that Ukraine will not be the “Breadbasket of Europe” any longer due to this invasion. My investments in BG, UAN, TAGS, and WEAT were predicated on agricultural forecasts, but I didn’t factor in WAR. It’s a shame and will add to food scarcity worldwide.
W
On the bright side. The 2 1/2 million new voters that arrived last year eat corn flour.
l
@WallyZ And the voters already here eat mostly corn syrup.
C
only the beggining sady it seems....
Agbug profile picture
KHC might be worth a second look with its ORE-IDA brand interests. Too bad JR Simplot is private equity.
P
I eat a slice of bread nightly as a snack. Not looking forward to paying more for my loaf from my local grocer. :/

As an investor, I'm going to pivot a bigger portion of my portfolio to WEAT
P
@Puppychow flour, sugar, yeast, water - bread machine
Mudbugger profile picture
@Puppychow try learning to bake your own.... cheaper and more nutritious!
Stefan Redlich profile picture
Very sad, this will lead to hunger among millions of very poor people in Bangladesh, Yemen, Egypt, Turkey etc
7422981 profile picture
@Stefan Redlich Likely even worse, it's not just Wheat.

www.zerohedge.com/...
P
@7422981 Probably should check my fertilizer supply...
Stefan Redlich profile picture
@7422981 Oh wow, that is scary :o guess our smart people in their bidding war of higher and higher sanctions missed this potential retaliation...

About WEAT

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WEAT--
Teucrium Wheat ETF
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DBA--
Invesco DB Agriculture Fund ETF
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