Volatility in Wheat Futures Causes Worries Over the Black Sea Crisis and the Hormuz Chokepoint Project

Stevie Ray

2 hours ago

As exports from one of the world’s most important breadbaskets are threatened by continuous attacks on Black Sea grain facilities and bulk carriers by Russia and Ukraine, Chicago wheat futures are bracing for a breakout, in one direction or another.

The Chicago wheat market, which is usually very lively, has been very volatile recently.

With a gain of 2.7%, hard red winter wheat reached $7.505/bushel.

Assuming prices remain over $7 per bushel, soft red winter wheat futures are set for a considerably bigger breakthrough.

On Monday, Bloomberg reported that due to continuing maritime security concerns in the vital transportation corridor, Turkey briefly halted transits of its cargo ships throughout the Black Sea over the weekend. Russian aggression, according to Ukraine’s warning, might cut its agricultural exports in half during the 2026–27 season.

According to Joe Davis, director of commodities at brokerage Futures International, US-grown hard red winter varieties have been given a significant boost due to concerns about potential supply disruptions. This is because these grains are perceived as direct competitors to higher-protein milling wheat from the Black Sea region and Europe.

“While the disruptions don’t necessarily translate into immediate additional US export business,” Davis continued, “they do tighten the global exportable supply outlook and balance sheets, forcing importers to diversify origins and keeping support under higher-quality wheat values.”

The United Nations’ index of global food prices reached a three-year high in July, which may ignite upward momentum due to rising wheat prices.

Food prices are likely to continue to fall due to upcoming disruptions in the Black Sea and the Strait of Hormuz, as well as unfavorable weather conditions in important US and other growing regions due to the increasing threats of El Niño.

The five factors that are pushing up food prices were detailed in a note last week by analysts at UBS (see the research here). They inquired about the future of affordable food, which is a crucial matter.

While the fire seems insignificant, it’s part of a much larger issue of a spate of “accidental fires,” one by one, taking out America’s food supply chain over the past year (source of the list via The Gateway Pundit):

1/11/21 A fire that destroyed 75,000-square-foot processing plant in Fayetteville
4/30/21 A fire ignited inside the Smithfield Foods pork processing plant in Monmouth, IL
7/25/21 Three-alarm fire at Kellogg plant in Memphis, 170 emergency personnel responded to the call
7/30/21 Firefighters on Friday battled a large fire at Tyson’s River Valley Ingredients plant in Hanceville, Alabama
8/23/21 Fire crews were called to the Patak Meat Production company on Ewing Road in Austell
9/13/21 A fire at the JBS beef plant in Grand Island, Neb., on Sunday night forced a halt to slaughter and fabrication lines
10/13/21 A five-alarm fire ripped through the Darigold butter production plant in Caldwell, ID
11/15/21 A woman is in custody following a fire at the Garrard County Food Pantry
11/29/21 A fire broke out around 5:30 p.m. at the Maid-Rite Steak Company meat processing plant
12/13/21 West Side food processing plant in San Antonio left with smoke damage after a fire
1/7/22 Damage to a poultry processing plant on Hamilton’s Mountain following an overnight fire
1/13/22 Firefighters worked for 12 hours to put a fire out at the Cargill-Nutrena plant in Lecompte, LA
1/31/22 a fertilizer plant with 600 tons of ammonium nitrate inside caught on fire on Cherry Street in Winston-Salem
2/3/22 A massive fire swept through Wisconsin River Meats in Mauston
2/3/22 At least 130 cows were killed in a fire at Percy Farm in Stowe
2/15/22 Bonanza Meat Company goes up in flames in El Paso, Texas
2/15/22 Nearly a week after the fire destroyed most of the Shearer’s Foods plant in Hermiston
2/16/22 A fire had broken at US largest soybean processing and biodiesel plant in Claypool, Indiana
2/18/22 An early morning fire tore through the milk parlor at Bess View Farm
2/19/22 Three people were injured, and one was hospitalized, after an ammonia leak at Lincoln Premium Poultry in Fremont
2/22/22 The Shearer’s Foods plant in Hermiston caught fire after a propane boiler exploded
2/28/22 A smoldering pile of sulfur quickly became a raging chemical fire at Nutrien Ag Solutions
2/28/22 A man was hurt after a fire broke out at the Shadow Brook Farm and Dutch Girl Creamery
3/4/22 294,800 chickens destroyed at farm in Stoddard, Missouri
3/4/22 644,000 chickens destroyed at egg farm in Cecil, Maryland
3/8/22 243,900 chickens destroyed at egg farm in New Castle, Delaware
3/10/22 663,400 chickens destroyed at egg farm in Cecil, MD
3/10/22 915,900 chickens destroyed at egg farm in Taylor, IA
3/14/22 The blaze at 244 Meadow Drive was discovered shortly after 5 p.m. by farm owner Wayne Hoover
3/14/22 2,750,700 chickens destroyed at egg farm in Jefferson, Wisconsin
3/16/22 A fire at a Walmart warehouse distribution center has cast a large plume of smoke visible throughout Indianapolis.
3/16/22 Nestle Food Plant extensively damaged in fire and new production destroyed Jonesboro, Arkansas
3/17/22 5,347,500 chickens destroyed at egg farm in Buena Vista, Iowa
3/17/22 147,600 chickens destroyed at farm in Kent, Delaware
3/18/22 315,400 chickens destroyed at egg farm in Cecil, Maryland
3/22/22 172,000 Turkeys destroyed on farms in South Dakota
3/22/22 570,000 chickens destroyed at farm in Butler, Nebraska
3/24/22 Fire fighters from numerous towns are battling a major fire at the McCrum potato processing facility in Belfast.
3/24/22 418,500 chickens destroyed at farm in Butler, Nebraska
3/25/22 250,300 chickens destroyed at egg farm in Franklin, Iowa
3/26/22 311,000 Turkeys destroyed in Minnesota
3/27/22 126,300 Turkeys destroyed in South Dakota
3/28/22 1,460,000 chickens destroyed at egg farm in Guthrie, Iowa
3/29/22 A massive fire burned 40,000 pounds of food meant to feed people in a food desert near Maricopa
3/31/22 A structure fire caused significant damage to a large portion of key fresh onion packing facilities in south Texas
3/31/22 76,400 Turkeys destroyed in Osceola, Iowa
3/31/22 5,011,700 chickens destroyed at egg farm in Osceola, Iowa
4/6/22 281,600 chickens destroyed at farm in Wayne, North Carolina
4/9/22 76,400 Turkeys destroyed in Minnesota
4/9/22 208,900 Turkeys destroyed in Minnesota
4/12/22 89,700 chickens destroyed at farm in Wayne, North Carolina
4/12/22 1,746,900 chickens destroyed at egg farm in Dixon, Nebraska
4/12/22 259,000 chickens destroyed at farm in Minnesota
4/13/22 fire destroys East Conway Beef & Pork Meat Market in Conway, New Hampshire
4/13/22 Plane crashes into Gem State Processing, Idaho potato and food processing plant
4/13/22 77,000 Turkeys destroyed in Minnesota
4/14/22 Taylor Farms Food Processing plant burns down Salinas, California.
4/14/22 99,600 Turkeys destroyed in Minnesota
4/15/22 1,380,500 chickens destroyed at egg farm in Lancaster, Minnesota
4/19/22 Azure Standard nation’s premier independent distributor of organic and healthy food, was destroyed by fire in Dufur, Oregon
4/19/22 339,000 Turkeys destroyed in Minnesota
4/19/22 58,000 chickens destroyed at farm in Montrose, Color
4/20/22 2,000,000 chickens destroyed at egg farm in Minnesota
4/21/22 A small plane crashed in the lot of a General Mills plant in Georgia
4/22/22 197,000 Turkeys destroyed in Minnesota
4/23/22 200,000 Turkeys destroyed in Minnesota
4/25/22 1,501,200 chickens destroyed at egg farm Cache, Utah
4/26/22 307,400 chickens destroyed at farm Lancaster Pennsylvania
4/27/22 2,118,000 chickens destroyed at farm Knox, Nebraska
4/28/22 Egg-laying facility in Iowa kills 5.3 million chickens, fires 200-plus workers
4/28/22 Allen Harim Foods processing plant killed nearly 2M chickens in Delaware
4/2822 110,700 Turkeys destroyed Barron Wisconsin
4/29/22 1,366,200 chickens destroyed at farm Weld Colorado
4/30/22 13,800 chickens destroyed at farm Sequoia Oklahoma
5/3/22 58,000 Turkeys destroyed Barron Wisconsin
5/3/22 118,900 Turkeys destroyed Beadle S Dakota
5/3/22 114,000 ducks destroyed at Duck farm Berks Pennsylvania
5/3/22 118,900 Turkeys destroyed Lyon Minnesota
5/7/22 20,100 Turkeys destroyed Barron Wisconsin
5/10/22 72,300 chickens destroyed at farm Lancaster Pennsylvania
5/10/22 61,000 ducks destroyed at Duck farm Berks Pennsylvania
5/10/22 35,100 Turkeys destroyed Muskegon, Michigan
5/13/22 10,500 Turkeys destroyed Barron Wisconsin
5/14/22 83,400 ducks destroyed at Duck farm Berks Pennsylvania
5/17/22 79,00 chickens destroyed at Duck farm Berks Pennsylvania
5/18/22 7,200 ducks destroyed at Duck farm Berks Pennsylvania
5/19/22 Train carrying limestone derailed Jensen Beach FL
5/21/22 57,000 Turkeys destroyed on farm in Dakota Minnesota
5/23/22 4,000 ducks destroyed at Duck farm Berks Pennsylvania
5/29/22 A Saturday night fire destroyed a poultry building at Forsman Farms
5/31/22 3,000,000 chickens destroyed by fire at Forsman facility in Stockholm Township, Minnesota
6/2/22 30,000 ducks destroyed at Duck farm Berks Pennsylvania
6/7/22 A fire occurred Tuesday evening at the JBS meat packing plant in Green Bay.
6/8/22 Firefighters from Tangipahoa Fire District 1 respond to a fire at the Purina Feed Mill in Arcola
6/9/22 Irrigation water was canceled in California (the #1 producer of food in the US) and storage water flushed directly out to the delta.
6/12/22 Largest Pork Company in the US Shuts Down California Plant Due to High Costs
6/13/22 Fire Breaks Out at a Food Processing Plant West of Waupaca County in Wisconsin

They Will Starve Humanity in Order to Achieve Their Objectives: Food Bank Demand Spikes as Inflation Wrecks Households, Manufactured Madness, Obama/ Soros/ Most of Our Elected Officials Are Evil and Sold Americans OUT!