Archive for April 21st, 2022

Ukraine grain a ‘big-time next-year problem’

ISLE OF PALMS, SOUTH CAROLINA, US — Though futures markets already have priced in uncertainty tied to the ongoing Russia-Ukraine conflict, grain markets the world over will truly begin to feel the impact of supply deficits on the global wheat and corn balance sheets beginning in August and September.

How a global wheat supply deficit of 3 million tonnes plays out is largely dependent on how the rest of the world treats Russia financially, but for corn, the principal uncertainties lie ...

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