Shaw: Under the Agridome
Philip Shaw DTN Columnist
Fri Aug 29, 2014 07:10 AM CDT

The wheat market rose last Thursday as we heard Russian troops had invaded the Ukraine. It was not very much of a surprise that wheat would rise on Ukrainian tensions, as it is a major exporter of wheat. Black Sea grains loaded on the rivers leading to the Sea of Azoz are often loaded in small boats, which sail down to North Africa. Egypt has the largest per capita consumption of wheat in the world and Black Sea wheat has a great comparative advantage to getting there.

Of course wheat does not get the scrutiny that corn and soybeans get ...

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