Wheat and corn prices have spiked after Russian aggression in the Black SeaThe Russian invasion of Ukraine in early 2022 caused wheat and corn prices to spike 30% and 13%, respectively, and threatened a worldwide food crisis. International efforts to mitigate a food security crisis via the Solidarity Lanes and the Black Sea Grain Initiative (BSGI) have successfully allowed grain exports out of Ukraine. However, Russia’s recent withdrawal from the BSGI, coupled with increased bombings of…
