Agweb published an article that fear and speculation drove commodity prices skyward before Putin's forces even breached the Ukraine border. Senior research fellow Joseph Glauber said, "Concerns are warranted: Trade disruptions in energy, fertilizer, and grains are inevitable. Effects are likely to last for years, possibly even decades. Egypt and Yemen, which rely on Russia and Ukraine for wheat, already are feeling the impact of the war. Global wheat markets have been tight since mid-2021, then the war triggered a spike to record prices."
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