AndronETalksNews
FOX Business
By Bradfird Betz
June 7, 2023
The destruction of a major dam in southern Ukraine has sent global prices of corn and wheat soaring, reversing this year’s fall in prices after a major spike caused by Russia’s invasion of Ukraine in February 2022.
In early trading at the Chicago Mercantile Exchange on Tuesday, wheat prices gained 2.4% to $6.39 a bushel. The cost of corn rose more than 1%, or more than to $6 a bushel, and oats gained 0.73%, or $3.46 per unit.
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