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CNBC's Jim Cramer said chart analysis by Carley Garner suggests corn and wheat futures could keep rising because of Russia's invasion of Ukraine. Wheat is trading at its highest level since 2008.
Cramer noted that Russia and Ukraine account for about a third of world wheat production.
Technical commentary on higher prices reflects existing war-driven supply concerns, but it adds no new supply information to the price outlook.
cnbc.comKrystal HurMar 22, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
