Commodities Asset Class News

LONDON—The deal between Moscow and Kyiv to allow for the export of Ukrainian grain is helping push global prices lower, but it won’t translate into a slug of new exports soon.Wheat prices fell Friday, as the deal raised hopes that a restart to Ukrainian grain exports would ease a brewing global food-supply crisis. Wheat futures traded in Chicago were down more than 4% at $7.72 a bushel. Having surged to a record high of $12.94 a bushel following Moscow’s invasion of Ukraine, prices have tumbled…

A disruption in the flow of Russian gas to Europe this year is suddenly all too easy to imagine.Europe’s natural-gas supply seems a lot less secure even than a few weeks ago. Last month, Moscow said it would end deliveries to Poland and Bulgaria, and the stakes rose again this week, after Ukraine’s gas-transport operator said it would stop transporting Russian gas through a key part of the country’s network. This prompted Moscow to sanction 31 European energy companies. Liquefied natural gas, or LNG, is Europe’s primary…