Latest / The Commodities Trade Institute Podcast
SMR Nuclear Boom, Wheat Climbs 30%, and $102 Diesel Spreads
Escalating military strikes knock offline more than 97% of Black Sea grain export capacity, sending global wheat prices up 30% year-on-year as Midwest crop tours reveal below-record corn yields and European drought losses top €2.3 billion. In energy, US diesel crack spreads hit a historic $102.20 per barrel while China displaces Indian buyers for Russian seaborne crude, tightening Asian product balances. Simultaneously, heavy industry turns to factory-built small modular reactors and captive Australian solar grids to power AI data centers and cut extraction costs amid rigorous global…
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