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Message: <blockquote data-quote="deanXX" data-source="post: 27426838" data-attributes="member: 492830">New York (CNN Business)Russia's attack on Ukraine is causing wheat prices to spike, exacerbating <a href="https://www.cnn.com/2022/02/08/business/grocery-store-prices-goldman/index.html" target="_blank">already high food prices</a>.Wheat futures were up about 5.35% Tuesday, reaching prices not seen since 2008. The higher prices make wheat more expensive for food makers, who will likely <a href="https://www.cnn.com/2022/01/31/economy/rising-prices-grocery-shopping/index.html" target="_blank">pass those costs on to consumers</a>.Ukraine and Russia together are responsible for about 14% of global wheat production, according to Gro Intelligence, an agricultural data analytics firm. The two countries supply about 29% of all wheat exports. Prior to the Russian invasion, Ukraine was on track for a record year of wheat exports, while Russia's wheat exports were slowing, according to the US Department of Agriculture.<a href="https://www.cnn.com/2022/03/01/business/wheat-prices-russia-ukraine/index.html" target="_blank">https://www.cnn.com/2022/03/01/business/wheat-prices-russia-ukraine/index.html</a></blockquote>

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