Read more
12:16 PM · 5 April 2022

Russia attacks Ukraine's grain stockpiles

-
-
Open account Download free app

The latest information shows that Russia is attacking not only fuel inventories throughout the country, but also decides to destroy food stockpiles. Ukraine reports that Russia has destroyed six grain silos. As one can see, any prospects regarding Ukrainian exports of wheat or corn become very unlikely.

Meanwhile, in the United States, the quality of winter wheat for the start of the summer season was rated the worst in a decade! The share of wheat in excellent and very good condition corresponds to only 30%. This shows that the prospects for an increase in wheat prices may reappear on the horizon.

The wheat price returns above 1,000 cents a bushel. Wheat came under pressure after the first bullish wave due to the large diversification of wheat production around the world. It turns out that one cannot count on any wheat exports this year from Ukraine, and the amount of wheat from the USA may also be limited. Source: xStation5

11 February 2026, 1:15 PM

Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report

11 February 2026, 12:29 PM

📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30

11 February 2026, 7:57 AM

Silver rallies 3% 📈 A return of bullish momentum in precious metals?

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits