
-
2:37
Natalie’s Everyday Heroes: Sawdust the mini horse spreads joy
-
2:10
Milwaukee’s Metcalfe Park residents fight to save neighborhood...
-
0:44
Chef Pawlak offering up special sundae at Georgie Porgie’s...
-
2:44
MCTS drivers union to vote this week on authorizing a strike
-
2:08
New videos show man shooting at Milwaukee woman parking her car,...
-
2:13
’She deserves to be honored’: Vigil planned for Shorewood...
-
1:58
NWS, camp counselors emphasize weather safety following deadly...
-
2:25
’It’s a great start’: Gov. Evers touts child care investments...
-
1:59
21 ejected from Summerfest after several altercations break out...
-
0:54
Milwaukee leaders urge passage of Housing Element plan, with...
-
0:24
Suspect charged in shooting that killed 25-year-old near 35th...
-
1:32
Dashcam footage captures moments Shorewood police officer is...
WISCONSIN (CBS 58) -- Commodities trading has been chaotic as Russia's war on Ukraine continues.
Sanctions have disrupted shipments of raw materials in the Black Sea, and that's having a big effect on agriculture markets worldwide.
Russia and Ukraine make up 26% of global wheat trade, for instance. Wheat prices jumped 22% in February, blowing out some positions and creating chaos with some trading companies.
"In my career, which started in 1999, I have never seen a market trade like this, over the last couple weeks, in the agriculture market that is," said Terry Reilly, senior commodity analyst with Futures International.
Analysts say major importers are left scrambling to find other major exporters of wheat.
Sign up for the CBS 58 Newsletter