Recession Fears, Trade Shifts Whipsaw Global Grain Markets

Rising fears of a global recession and easing worries about global food shortages are reversing a sharp rally in grain markets, but pressures on food supplies could linger for years, executives and agricultural economists say.

Prices of agricultural commodities such as corn and wheat have fallen in recent weeks after a month-long rise sparked by the Russian invasion of Ukraine in late February. The war between the two agricultural giants pushed wheat futures prices on the Chicago Board of Trade up $4 a bushel in March, but prices have since fallen below pre-war levels, falling more than $5 a bushel, or 40%. Recession Fears, Trade Shifts Whipsaw Global Grain Markets

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