Commodities soar after reports of Russia attack

Stunning surge: A file picture showing a farmer tending wheat in a field. Wheat soars to the highest level since 2008 on deepening fears of a global shortage as the Ukraine war cuts off about a quarter of the world’s exports. — Reuters

COMMODITIES extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches.

Tensions rose yesteriday after Russia escalated its assault by attacking a Ukrainian nuclear plant, the biggest in Europe, according to Ukrainian officials.