Commodities depending on supply from Russia and the Black Sea has risen strongly during the past 24 hours after Putin announced plans to step up its war in Ukraine. European natural gas prices trade back above 200 euro per MWh with the cost of diesel also receiving a bid. Equally concerning is a fresh spike in wheat prices at the exchanges in Chicago and Paris with traders worrying the UN supported export corridor from Ukraine could be at risk, thereby lowering supply to a global market already concerned about the availability of high protein wheat An increasingly desperate and with that an increasingly dangerous ... (full story)