On Friday, the day the Nobel Committee gave the Peace Price to the United Nations World Food Program

Monday, October 12, 2020
On Friday, the day the Nobel Committee gave the Peace Price to the United Nations World Food Program

On Friday, the day the Nobel Committee gave the Peace Price to the United Nations World Food Program, the Wall Street Journal reported: Wheat Prices Skyrocket After Dry Weather, Coronavirus Lockdowns.” Chicago wheat futures have risen 15% since Aug.1, to their highest level in 15 years. Tightening world wheat supplies, harvests are down in Argentina, Canada, Ukraine and the U.S, Russia plans to announce an export quota starting January, and China is raising its imports by 7% this marketing year. With prices of corn, Ukraine’s largest export, also ticking up, the United Nations’ gauge of global food prices rose 2.1% in September.

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