Additionally, rising wheat prices should benefit ETFs that focus on the commodity, such as the Teucrium Wheat Fund (WEAT). Russia's occupation of the Black Sea stifled Ukraine's exports, including wheat and other commodities, pushing prices higher as supply was reduced and demand stayed high. Get Exposure to Wheat in a Single ETF Economic policy, particularly in the current times where inflation is high, will continue to remain a wild card in any market, regardless of the asset class.