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Chicago wheat futures rose more than 6% in the week, their biggest weekly gain in nine months. Thai rice prices climbed to their highest since August 2013, with Thailand being the world's second largest rice exporter.
Panic buying and lockdown disruptions are lifting global staple grain prices, which increases feed and food costs. The rally in wheat and rice signals broader upward pressure on grain markets.
reuters.comNaveen ThukralMar 22, 2020Not 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.
