Wheat closed at the highest price since June as traders considered a worsening Russia-Ukraine war against lackluster US grain demand.
The futures climbed as much as 7.9% in Chicago, within cents of the daily exchange limit, before ultimately settling up 6.6% after explosions rocked the Ukrainian capital Kyiv. Russia has threatened further missile attacks.
The intensifying conflict calls into question whether the two sides will agree...

The World Food Programme (WFP) and the Food and Agriculture Organization of the United Nations (FAO) are out with a new report outlining countries that "are either already starving or on the brink of disaster."
We have a choice: act now in the face of these unprecedented needs, to save lives and invest in solutions that secure stability and peace for all. Otherwise, we will see people around the world face rising food insecurity – and even ...

Senegalese Minister of Economy Amadou Hott has urged the global food industry not to boycott the trade of Russian and Ukrainian food products as the food crisis rages on in vulnerable countries.
Hott said at the Group of 20 meeting of financial leaders in Bali last week that without immediate resolution, the crisis — which involves both a food shortage and high prices — would kill more people "than duri...

Global food prices surged to a record high in March according to the FAO Food Price Index.
Due to supply chain issues from the pandemic, energy prices soared with the geopolitical attention mounting, and unpredicted weather factors, food prices keep going up.
The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity grou...