Wheat: When the backup plan has failed

What happened?
When Russia, the world's largest exporter of wheat, attacked Ukraine, the world's fifth-largest exporter of wheat earlier this year, the world's global food supply chain had a backup plan in place. That plan just fell through.
Over the weekend, India, the world's second-largest producer of wheat announced it was banning wheat exports last Saturday.

So what？
In common belief, a shortage, in the sense of an excess of demand over supply, is then the normal concomitant of a price rise. 
The war is taking a sharp toll on the world's wheat supply.
ETF like $Teucrium Wheat Fund ETV (WEAT.US)$ has risen 50% year to date, fueled by severe shortages.

Wheat futures $Chicago SRW Wheat Futures(MAR5) (ZWmain.US)$ has risen 68% YTD

Even the construction equipment maker $Caterpillar (CAT.US)$ has performed better than the overall market.

What are people in the market doing?
The stock market has been sinking for a while. However, commodities may perform differently in an inflationary environment, so that's the place where some investors decided to go. Some investors are speculating on wheat prices by trading:

Shares of wheat companies, ex. $Bunge (BG.US)$, $MGP Ingredients (MGPI.US)$, $CME Group (CME.US)$,  $Andersons (ANDE.US)$

ETFs, ex. $Teucrium Wheat Fund ETV (WEAT.US)$, $VanEck Agribusiness ETF (MOO.US)$, $Invesco DB Agriculture Fund (DBA.US)$

Futures, ex.  $Chicago SRW Wheat Futures(MAR5) (ZWmain.US)$, $KC HRW Wheat Futures(MAR5) (KEmain.US)$

Since the supply chain disruptions, "No one can count on their supplies anymore." "So, people are going to hoard. They're going to have to at least accumulate inventories to build in anticipated supply disruptions, which means the demand for commodities is … higher, not for the actual use, but because people can't count on steady supply."
Said Sal Gilbertie, president and CEO of Teucrium 

What about you?
Do you think it's good to switch attention to commodities trading under the current market situation?

If you have already been doing this, would you share your experience with mooers?