KEY POINTS
  • The price of wheat climbed to its highest levels in more than a decade as Russia's invasion of Ukraine advanced.
  • Wheat futures closed at 984 cents per bushel, the high of the session.
  • The commodity traded "limit up."
  • Russia is the largest exporter of wheat and Ukraine is among the four biggest exporters of the commodity, according to JPMorgan.

In this article

Ears of wheat are seen in a field near the village of Hrebeni in Kyiv region, Ukraine July 17, 2020.

The price of wheat on Tuesday climbed to its highest levels in more than a decade, with traders concerned about global supply disruption as Russia's invasion of Ukraine advanced.

A convoy of Russian military vehicles is approaching Ukraine's capital of Kyiv, satellite imagery taken Monday indicated.

In this article