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> You could make an argument it impacted wheat prices. Bids jumped by about 30% when the war began, but the price of wheat was already up by nearly 100% over p
by randomdata 5y ago
> You could make an argument it impacted wheat prices.
Bids jumped by about 30% when the war began, but the price of wheat was already up by nearly 100% over pre-pandemic levels when we still thought there was little chance of war breaking out.
- empraptor 5y agoreport on wheat market outlook from Jan 2021 is interesting to peruse. there's certainly no one simple answer to why the price rose, but it does indicate higher consumption and lower yield overall in the world (higher yield in Russia but lower in China and Argentina) played a role as well as US wheat planting acreage that had been trending down in recent years. and that rising price of corn meant wheat stocks were used as substitute in feed. https://www.ers.usda.gov/webdocs/outlooks/100227/whs-21a.pdf?v=5058 https://www.ers.usda.gov/webdocs/outlooks/100227/whs-21a.pdf...