How will Russia’s invasion of Ukraine affect US agriculture? (Wilmington News Journal)

Wilmington News Journal reported on how the situation in Ukraine has many of us concerned for many reasons. One of the concerns is the effect it may have on U.S. agriculture. The shock to global commodity markets following Russia’s invasion of Ukraine is expected to be the largest in the post-war period, and certainly since the oil crisis of the 1970s. Over the past 30 years, the two countries have become major agricultural exporters. Across key commodities, they account for a 34, 18, 27, and 75 percent share of volume traded of world wheat, corn, barley, and sunflower oil respectively (in the blog post, How will Russia’s invasion of Ukraine affect global food security?)