<p>Geopolitical issues triggered spells of speculative short covering in futures markets this week. Trader concerns over the wider repercussions of a potential retaliation by Israel against Iran increased crude oil prices by over 3% on Monday to over $80/t, its highest since 19th July. This had a positive impact on other commodity markets, including wheat.</p><br><p>Away from the tensions in the Middle East, Russian missile strikes on two Ukrainian Black Sea ports, including Odessa, resulted in damage to grain carrying vessels - another reminder of the potential risk around shipping from the world’s cheapest wheat source.&nbsp;</p><br><p>During intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more:&nbsp;<a href="https://www.frontierag.co.uk/myfarminfo" rel="noopener noreferrer" target="_blank">www.frontierag.co.uk/myfarminfo</a></p><br><p>For other topical updates and advice from our experts, subscribe to our blog:&nbsp;<a href="https://www.frontierag.co.uk/blog/subscribe" rel="noopener noreferrer" target="_blank">www.frontierag.co.uk/blog/subscribe</a></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>