The markets are reacting as the first shipment of grain makes its way out of Ukraine. Advance Trading Risk Management Advisor Tommy Grisafi sees this as a major development. “Assuming they leave safely, that’s very bearish the the markets,” said Grisafi. “When the war started we had to take everything Ukraine was doing as far as the world markets and erase it and say they’re out of the game.” That changes when grain flows out of the Black Sea. Grisafi joins the Red River Farm Network each month for a recap of the markets in a program called ‘The Bull Pen’ on YouTube. In the just-released interview, Grisafi said he expects markets to be under pressure going into fall.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.