The wheat complex started out this past week stronger based on two factors, the declining quality of winter wheat growing in portions of the United States and the geopolitical conflict in the Black Sea Region. AgResource President Dan Basse believes the conflict between Russia and the Ukraine is a big deal for U.S. farmers. “Talking with Ukrainian farmers we know, they’re struggling to get fertilizer, chemicals and seed. Their planting season is about six to seven weeks away as they start to look at summer row crops. If we go another few weeks where the borders are blocked from Russia, there’s concern. There’s a lot of unknowns and these markets will stay volatile.”
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