General inflation is easing, but the prices of some food items are not going down anytime soon. And the reasons are largely out of the Federal Reserve’s control. The consumer Read more
Tag: edible oils markets
Black Sea grain deal to be extended, UN says
U.N. Secretary-General António Guterres announced an extension of a four-month-old deal to ensure the safe delivery of export of grain, foodstuffs and fertilizers from Ukraine through the Black Sea just Read more
Wheat futures are jumping after Russia abandons Ukraine export deal
Wheat futures rallied on Monday to touch their highest price in more than two weeks, buoyed after Russia halted its participation in the grain deal reached earlier this year that Read more
Opinion: Food inflation has soared in the U.S. And now farmers are planting wheat in the most expensive harvest ever
U.S. farmers are planting wheat during a critical time, as food prices remain high because of a host of issues including widespread inflation, supply-chain snarls, droughts and Russia’s war in Read more
Wheat rallies to 3-month high as Russia’s attacks on Ukraine raise risks to Black Sea exports
Wheat rallied Monday, with futures prices for the commodity trading at their highest since late June, as Russia’s fresh barrage of attacks in Ukraine threatened exports of the grain through Read more
Putin’s claim that sanctions are creating conditions for a global famine is a myth, say Yale academics
Talk that the international sanctions imposed on Russia in the wake of its unprovoked invasion of Ukraine are creating the conditions for a global famine are entirely false, according to Read more
What’s in store for commodities after losses in July?
The pullback in most commodity prices in July, with wheat and oil among the decliners, might be an indication that inflation will soon reach its peak, and some commodities could be Read more
Wheat futures settle at a 5-month low after Ukraine grain-export deal
Wheat futures settled at their lowest price in five months on Friday after Russia and Ukraine signed deals that should boost exports of grain and fertilizer. The “unprecedented agreement” on Read more