{"id":7752,"date":"2022-03-01T06:44:23","date_gmt":"2022-03-01T14:44:23","guid":{"rendered":"https:\/\/theministerofcapitalism.com\/blog\/?p=7752"},"modified":"2023-12-19T17:05:03","modified_gmt":"2023-12-20T01:05:03","slug":"commodities-skyrocketing-trading-on-wheat-halted","status":"publish","type":"post","link":"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/","title":{"rendered":"Commodities Skyrocketing: Trading on Wheat Halted"},"content":{"rendered":"<h3 style=\"text-align: center\">With the continuation of Russia&#8217;s war on Ukraine, commodity prices are hitting their highest levels since 2008.<\/h3>\n<p><em>Wheat prices soared to their highest levels in more than a decade on Tuesday, as traders worried about global supply disruptions as Russia&#8217;s invasion of Ukraine progressed.<\/em><\/p>\n<p>Wheat futures hit a high of 984 cents a bushel on Tuesday, the highest level since April 4, 2008, when wheat hit a high of 985.5 cents per bushel.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-7753\" src=\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/wheat.jpg\" alt=\"\" width=\"664\" height=\"357\" srcset=\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/wheat.jpg 664w, https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/wheat-300x161.jpg 300w\" sizes=\"(max-width: 664px) 100vw, 664px\" \/><\/p>\n<p><strong>The grain was traded &#8220;limit up,&#8221; which refers to the maximum amount a commodity&#8217;s price can rise in a single day.<\/strong> Wheat was trading at 982.75 cents per bushel at 8:44 a.m. ET, up 5.22 percent.<\/p>\n<p><em>According to JPMorgan, Russia is the world&#8217;s largest exporter of wheat, with Ukraine being among the top four.<\/em><\/p>\n<p>According to Bank of America, 17 percent of the 207-million-ton worldwide wheat <a href=\"https:\/\/theministerofcapitalism.com\/blog\/shark-fin-trading-indicator\/\">trade<\/a> comes from Russia, while 12 percent comes from Ukraine.<\/p>\n<p>In a Feb. 14 note, JPMorgan&#8217;s Marko Kolanovic said, <em>&#8220;Wheat and corn are the most susceptible agriculture commodities to any possible increase in hostilities.&#8221;<\/em><\/p>\n<p>Corn futures also touched a high of 724.5 cents per bushel on Tuesday, the most since May. Corn futures last traded at 721.75 cents a bushel, up 4.49 percent, after trading was suspended.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-7754\" src=\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/corn.jpg\" alt=\"\" width=\"664\" height=\"357\" srcset=\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/corn.jpg 664w, https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/corn-300x161.jpg 300w\" sizes=\"(max-width: 664px) 100vw, 664px\" \/><\/p>\n<p><em><a href=\"https:\/\/theministerofcapitalism.com\/blog\/the-tiktok-war-russias-invasion-of-ukraine-is-being-broadcasted\/\">Russia&#8217;s war on Ukraine<\/a> has sparked huge price increases in the commodities markets, after having been virtually dormant for decades.<\/em><\/p>\n<p><strong>To see commodities halted for hitting the limit up stop is incredibly rare and will add even more fuel to the inflationary fire we&#8217;ve already begun to see.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<div id=\"sales\">\n<h3 align=\"center\">Trades Delivered Designed for Discerning Professionals<\/h3>\n<p>Tired of missing out on the huge gains in the market?<\/p>\n<p>Wishing you knew which trades had the best odds of succeeding?<\/p>\n<p>Would you like to know EXACTLY how &amp; which trades to place WITHOUT having to spend years learning?<\/p>\n<p>Well now you can let our Team of Trading Experts &amp; Exclusive AI Trading Software do the work for you!<\/p>\n<h3 align=\"center\"><a href=\"https:\/\/theempiricalcollective.com\/?trk=MnstrBlgTrdingWheatHalted\" target=\"_blank\" rel=\"noopener\">Click Here to Join &amp; Get Our Exclusive Trade Alerts!<\/a><\/h3>\n<\/div>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-7756\" src=\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/Commodities-Skyrocketing-Trading-on-Wheat-Halted.jpg\" alt=\"Commodities Skyrocketing Trading on Wheat Halted\" width=\"426\" height=\"400\" srcset=\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/Commodities-Skyrocketing-Trading-on-Wheat-Halted.jpg 426w, https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/Commodities-Skyrocketing-Trading-on-Wheat-Halted-300x282.jpg 300w\" sizes=\"(max-width: 426px) 100vw, 426px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the continuation of Russia&#8217;s war on Ukraine, commodity prices are hitting their highest levels since 2008. Wheat prices soared to their highest levels in more than a decade on Tuesday, as traders worried about global supply disruptions as Russia&#8217;s invasion of Ukraine progressed. Wheat futures hit a high of 984 cents a bushel on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[162,196,52],"tags":[220,276,192,216,207],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Commodities Skyrocketing: Trading on Wheat Halted - The Minister of Capitalism<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commodities Skyrocketing: Trading on Wheat Halted - The Minister of Capitalism\" \/>\n<meta property=\"og:description\" content=\"With the continuation of Russia&#8217;s war on Ukraine, commodity prices are hitting their highest levels since 2008. Wheat prices soared to their highest levels in more than a decade on Tuesday, as traders worried about global supply disruptions as Russia&#8217;s invasion of Ukraine progressed. Wheat futures hit a high of 984 cents a bushel on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/\" \/>\n<meta property=\"og:site_name\" content=\"The Minister of Capitalism\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-01T14:44:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-20T01:05:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/03\/Commodities-Skyrocketing-Trading-on-Wheat-Halted.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"426\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Minister of Capitalism\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Minister of Capitalism\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/\"},\"author\":{\"name\":\"The Minister of Capitalism\",\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/#\/schema\/person\/950797c2bdfd16eeb047c91eea44d264\"},\"headline\":\"Commodities Skyrocketing: Trading on Wheat Halted\",\"datePublished\":\"2022-03-01T14:44:23+00:00\",\"dateModified\":\"2023-12-20T01:05:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/\"},\"wordCount\":325,\"publisher\":{\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/#organization\"},\"keywords\":[\"inflation\",\"Market Commentary\",\"stock market\",\"world economy\",\"world market\"],\"articleSection\":[\"Invest \/ Trade\",\"News\",\"Stock Trading\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/\",\"url\":\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/\",\"name\":\"Commodities Skyrocketing: Trading on Wheat Halted - The Minister of Capitalism\",\"isPartOf\":{\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/#website\"},\"datePublished\":\"2022-03-01T14:44:23+00:00\",\"dateModified\":\"2023-12-20T01:05:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/commodities-skyrocketing-trading-on-wheat-halted\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/theministerofcapitalism.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commodities Skyrocketing: Trading on Wheat Halted\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/theministerofcapitalism.com\/blog\/#website\",\"url\":\"https:\/\/theministerofcapitalism.com\/blog\/\",\"name\":\"The Minister of Capitalism\",\"description\":\"Because Finance &amp; 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