War in Ukraine: Risks and Opportunities for U.S. Farmers (Agweb)

Agweb published an article that before Putin’s forces even breached the Ukraine border, fear and speculation drove commodity prices skyward. According to senior research fellow Joseph Glauber, concerns are warranted: Trade disruptions in energy, fertilizer, and grains are inevitable. In fact, effects are likely to last for years, possibly even decades. Egypt and Yemen, which rely on Russia and Ukraine for wheat, already are feeling the impact of the war. Global wheat markets have been tight since mid-2021, then the war triggered a spike to record prices.