Times-Herald

WHEAT

(Continued from Page 1) Wheat prices have been falling throughout the year, following a worldwide spike in food and commodity prices after Russia's invasion of Ukraine in February 2022.

Citi commodities analysts called Tuesday's incident "a reminder of lingering inflationary risk in the goods market."

It's possible that we'll continue to see temporary jumps in prices following significant news events, like what was seen after the destruction of Kakhovka dam, but Janzen says circumstances are key — and expectations for commodity exports out of Ukraine will likely "continue to diminish as we recognize that Ukrainian production will continue to be severely impaired because of the war."

Ukraine accused Russian forces of blowing up the Kakhovka dam, while Russian officials blamed Ukrainian bombardment in the contested area — and cutting off water supplies to to Crimea, which which Russia illegally annexed in 2014. It was not possible to verify the claims.

Obituaries

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