Senior market analyst Phil Flynn noted that Ukraine is one of the world’s largest producers of wheat, corn and barley. The threat of war has grain prices jumping.
It’s not only energy prices likely to rise as a result of Russia’s invasion of eastern Ukraine, says aPhil Flynn noted that Ukraine is one of the world’s largest producers of wheat, corn and barley. The threat of war has grain prices jumping.
Flynn, senior market analyst at the Price Futures Group, noted many consumers are already exasperated by rising prices, with inflation running hotter than at any time in four decades.announced Tuesday new financial sanctions on Russia, the foreign minister of Ukraine pleaded for more at a news conference in Washington, D.C.Some Congressional Republicans also urged Biden to get tougher.
The price of West Texas crude oil was back above $91.5 dollars Tuesday, signaling higher prices to come at the gasoline pump. Dow Jones index stocks fell nearly one-and-a-half percent.
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