Russian/ Ukraine conflict have world grain markets in flux.

Grains are sharply higher overnight taking back most of Friday’s losses. This conflict has disrupted grain and energy markets putting a big kink in export supply chains out of Russia and the Black Sea. This could mean more export business short-term for the US until this conflict comes to an end. The sanctions kicking Russia out of SWIFT only adds to these questions. Lower-level peace talks have begun but have yet to hear any news and higher up parties will need to get involved for any real possibilities of a resolution. As a producer we should be looking to take advantage of these prices especially as we move closer to planting intentions. China was in for new crop soybeans and unknown buyers came in for old crop. NFC Grain Comments 2.28.22 (1)

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