Winning Wheat

In the complex fighting between Russia and Ukraine (R&U), there are unambiguous winners. Wheat is at its highest price in three weeks on fears that R&U, which collectively account for 20% of global wheat exports, may fail to get the harvested wheat on ships for export. Similarly, U.S. crude oil for October delivery is at a one-week high while October European oil is at a two-week high. Viva Crimea libre!