| | Wild swings in commodities from wheat to crude oil are here to stay, with global supply chains getting reassessed in the wake of Russia’s invasion of Ukraine, according to Gregory Broussard, global head of financial trading for Cargill Inc.’s risk management unit. An economic ostracization of Russia is likely to persist even if the war ends, prompting reconsideration of how critical supplies like grain, fertilizer and fuel are sourced and produced, Broussard told Bloomberg. Countries will likely start hoarding commodities as a caution. Stay ahead of potential market swings with advice alerts, price targets & time-saving news from Pro Farmer. Start a $1 trial today for 1-month of service.
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