Bloomberg published an article on how global grain markets are at a pivot point, with prices finally starting to ease after a dizzying surge earlier this year. Where things go from here could end up being determined by farmers. Russia’s invasion of Ukraine has stifled exports from a region that’s known as the world’s breadbasket. The disruption has sent crop futures to near-record highs, with stockpiles extremely tight. That’s adding to rampant food inflation and raising fears of global grain shortages. Markets have finally started to calm in recent weeks on optimism that key producers like Australia and the US will reap harvests large enough to help replenish war-pinched reserves.
But in order to keep food inflation at bay, every bushel of US acre will need to see maximum yield potential. And every bushel of grain will count. Senior research fellow David Laborde said, "US production will play an important role this year in stabilizing markets and any ‘bad news’ will push prices up on world markets." Republished in Yahoo Finance, and Flipboard.