The market for wheat is affected by the recent unrest inUkraine ("Ukraine war could send...", 2022). Wheat prices are reported to have increased55 per cent even before the invasion, just based on fears of sanctions and disrupted supply, as Russia and Ukraine account for a large portion of the global wheat supply. Russiais also a key supplier of fertilisers used by Australian farmers. How can we expect this toaffect Australian wheat producers? What flow-on affects might we expect to see in the wider Australianeconomy?