I'm not an expert in macroeconomics but I'd say some global effects are likely due to the invasion of Ukraine (global exporter of wheat) ABC News and US Gov, the rising price of oil (some fertilizer uses fossil fuels)NBC, and possibly that the world has changed due to Covid and that a lot of things had shifted along with it CNN. A country that once was in the top 5 of grain exporters dropping off the global map is going to shake things quite a bit and oil unfortunately affects so many different markets.