Wheat Futures Hit a 10-Years High

Published February 24th, 2022 - 01:13 GMT
Wheat futures
(Shutterstock: Billion Photos)

Amid the escalating situation in Ukraine, after the beginning of the Russian military operation against the east European country, wheat futures have spiked by 6%, hitting a 10-years high.

Both Ukraine and Russia are amongst the largest producers of wheat to the rest of the world, accounting for more than 25% of the global supply.

Tensions in Ukraine have also pushed prices of oil, natural gas, and gold to historic highs. 

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