CHICAGO, April 15 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures edged higher this week. Chicago-based research company AgResource looks for extreme trade to continue based on the uncertainty that surrounds the Russia-Ukraine conflict amid rising inflation in the United States and the rest of the world.
The United States reported an annual inflation rate of 8.5 percent in March, the highest since 1981. Analysts said the U.S. central bank in its early May meeting would raise interest rates by 0.5 percentage point and could move up 0.75 percentage point to tame the raging inflation. In the meantime, the chances for a quick settlement of Russia-Ukraine conflict are dim. A lengthy conflict will have sanctions expanding to Russian energy and agricultural products. The longer the conflict drags on, the more bullish energy and grain markets will be.
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