Ukraine’s impact on global ag markets (Progressive Farmer)

Progressive Farmer published an article on how the Russian invasion of Ukraine will have an impact on global trade and markets. “The quick overview is the fact that coming into this crisis, we were already at very short supplies and very high demand,” said senior research fellow Joseph Glauber. “Disrupting trade out of those regions is very, very significant.” The big players in world markets — will be hit by higher input prices, “But they’re also going to enjoy high output prices, and then we are seeing grain prices at record levels and oilseed prices at record levels.” When there are questions about how Russia will use its commodity supplies as a “strategy” for “diplomatic purposes, said Senior research fellow David Laborde Debucquet. “If you start to see the consolidation of Russia around some of its commodities and use them for diplomatic purposes, that’s clearly not going to bring the world in the right direction, to help feed people more at risk of hunger.”