Wheat retreats from record high

The original article can be found here.

Article highlights:

  • Wheat retreated from an all-time high, after exceeding levels seen during the global food crisis in 2008
  • The world still faces a huge supply shock as Russia’s war in Ukraine has effectively shut off more than a quarter of global wheat exports
  • Ukraine and Russia not only supply more than a quarter of the world’s wheat cargoes, but are also major shippers of corn, barley and sunflower oil