Fair weather boosts global harvests

Unlike some stricken parts of the world, the weather across the main global breadbaskets has been fair in 2024, leading to bumper harvests of wheat, corn and soybeans


BLOOMBERG GRAINS SUBINDEX ($)
Composed of futures contracts on corn, soybeans and wheat

AUG 16, 2019
27.66

COVID-19 PANDEMIC BEGINS

AUG 7, 2020
24.23

MAY 7, 2021
46.20

RUSSIA INVADES UKRAINE

MAY 27, 2022
57.44

AUG 9, 2024
31.40

Price has fallen 45% since Ukraine war peak

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Source: Bloomberg
Picture: Unsplash
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