Markets Jump as Russian Troops Invade
The escalation of tensions in Ukraine with Russia invading caused agricultural markets to spike higher today.
Russia and Ukraine have become increasingly important from a global trade perspective and even though many continue to point toward the chances of trade flow disruption as slim, even the small possibility has had buyers taking cover.
Agricultural markets were not alone in pushing higher today, with crude oil also finding support and pushing toward $98/Bbl before backing off.
Volatility is likely to remain high this week, crude oil will be a strong indicator of market confidence or fear and markets driven by politics can change direction very quickly.
Catchup on this morning’s Ukraine update on GrainTab.
