Names in the food space are in the limelight after Russia suspended shipments of grain from the Black Sea.
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The latest move by Russia in its conflict with Ukraine came after it claimed a drone attack on its Crimean fleet by Ukraine. The development means a stopper to shipments out of Ukraine which is one of the largest grain exporters globally.
Consequently, the Teucrium Wheat Fund ETF (WEAT) is already up nearly 5% in the pre-market session today and about 17.6% year-to-date.
Additionally, the Teucrium Corn Fund ETF (CORN) is up 2% today already on top of the nearly 26% price gain so far this year.
The European Union has urged Russia to withdraw the move.
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