The Russia, Ukraine conflict will likely affect the futures grain markets for livestock feed. AgriLife Extension Service Grain Marketing Economist Mark Welch says the conflict in Russia and Ukraine has far-reaching implications for world grain. “That is a very important region for major grain exports, primarily wheat. It was estimated this year that Ukraine and Russia combined was going to supply about 30 percent of global wheat exports, but with the exports and ports shut down, that moving of grain is certainly at risk.” Ukraine and Russia are the third and fourth largest exporters of corn. Welch says there’s long term impacts of supplies to consider. “We’re placing those supplies and movements in jeopardy in the current marketing year. The market is also showing concern if this conflict would stretch out further. What is the implication for even planting a crop? Are Ukrainian farmers going to be able to get in a field and planting a crop after the current one is harvested? This uncertainty and these tensions are rippling through our commodity market.”
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