The wheat complex exploded to the upside on Wednesday as concerns grow over the closure of the Kerch Strait, linking the Sea of Azov with the Black Sea, as fighting intensifies between Russia and Ukraine in the region. Could this be the start of a bigger rally across commodities as we re-add war premium into the trade? We talk wheat, crude oil, corn, inflation and the struggles in the cattle complex with Mike Zuzolo from Global Commodity Analytics on today's show. Find more online at https://www.globalcommresearch.com. 0:00 Wheat surges on Black Sea tensions 0:53 The Kerch Strait: a new bottleneck for wheat and crude 3:04 Energy: Russian diesel, the funds, and the Hormuz double whammy 6:46 Geography lesson: Kerch, Crimea, and Odessa under fire 9:12 The WTI–soft red wheat correlation 10:49 Paris wheat leads: highest since 2024 12:08 Corn: not a U.S. weather market... yet 14:15 Cattle on the struggle bus: a futures-led correction 17:11 Feeders, feed needs, and where to hedge 18:44 CPI and PPI come in cool 19:28 How to reach Mike Zuzolo