The U.S. wheat market has been turned upside down by Russia's invasion of Ukraine, with wheat futures soaring so high so fast that many buyers are backing off, leaving farmers with a diminished market.
(Bejou, MN) Minnesota wheat farmers are being impacted by the Russian invasion of Ukraine. Minnesota Wheat Growers Association president Mike Gunderson says wheat markets are volatile, with currently higher prices resulting from the conflict. Russia is the world's number one exporter of wheat and Ukraine is the fifth, making up a combined nearly 30-percent of global wheat