Archive for March 9th, 2022

KANSAS CITY, MISSOURI, US — The Russian invasion of Ukraine and ongoing conflict in the key Black Sea export region has sharply ramped up concerns about global supply, sending wheat futures prices soaring to 14-year highs and compelling the hard red winter basis Kansas City to post “no bid” for the first time in recent memory.

Kansas City wheat futures had been trading in a comparatively narrow range before Russia invaded Ukraine on Feb. 24 in the largest conventional attack on ...