With an expected decline in Ukrainian crop production and logistical challenges moving existing grain, the countries that typically buy Ukrainian crops are looking elsewhere for their needs. “We don’t have a lot of head-to-head competition, but indirectly, because of the total supplies globally are smaller than they were before, it’s having an impact on the value of the crop we have in the United States,” said Frayne Olson, crops marketing economist, NDSU Extension. How can U.S. crop production help offset the losses in Ukraine? “In the short-term, supplies will be very tight until our harvest. The next question is will there be enough expansion or growth in the supply side coming into the 2022 harvest and beyond to compensate? We’ll probably have some things happen we don’t even anticipate right now, but we need time to figure that out.”
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