Russia’s attack on Ukrainian ports is causing a major rally in grain markets.
Angie Setzer, co-founder of the grain marketing firm Consus, tells Brownfield futures are seeing support across commodities.
“We rallied back over $0.70 in December Corn,” she says. “We saw wheat just today alone rally 57 cents on the September board in the Chicago side of things, and so we’ve seen a big move to the high side. We’ve seen soybeans recover as well.”
Setzer says the jump during winter wheat harvest is not common.
