Grainnet reported on the impacts of the Russian invasion of Ukraine that will be felt globally. For example, because the region of fighting produces 30 percent of the world’s wheat, and there is uncertainty about how much might be harvested this year, Tuesday morning (March 1) futures for Kansas City hard wheat surpassed $10. Senior research fellow Joseph Glauber said, “Redirecting the current consumption of food crops (maize, wheat, oilseeds) to non-food uses around the world, from the EU to Indonesia, is already generating significant tensions in food and fertilizer markets. A holistic approach regarding food and energy security is critical in ensuring that food and nutrition outcomes remain a priority.”
