Wheat ETF Surges as Russia-Ukraine War Fuels Supply Concerns
A wheat-related exchange traded fund surged on Thursday, with wheat futures hitting a 14-year high as Russia's invasion of Ukraine hindered exports.
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A wheat-related exchange traded fund surged on Thursday, with wheat futures hitting a 14-year high as Russia's invasion of Ukraine hindered exports.
Energy prices and oil-related exchange traded funds could remain elevated, as producers aren't going to ramp up supplies any time soon.
Energy exchange traded funds climbed on Wednesday, with crude oil prices breaking above $110 per barrel, as Russia's aggression fueled supply fears.
Energy-related exchange traded funds climbed on Monday, with Brent crude oil futures breaking back above $100.
Oil commodity-related exchange traded funds maintained their momentum on Thursday, with crude oil futures briefly trading above $100 per barrel.