In a dispute over sanctions, Russia has cut off natural gas supplies to Europe. Energy prices in the EU are skyrocketing and the value of the euro is at a 20-year low. Advance Trading Risk Management Advisor Tommy Grisafi says this situation will be felt worldwide. “We’ve went from Covid supply chain issues to supply chain issues due to the war in Ukraine and with what’s happening, Europe will need to shut down industry to try to conserve natural gas and electricity.” You can hear more from Grisafi in the monthly conversation about the markets called the Bull Pen. That interview can be found on the Red River Farm Network YouTube channel. Grisafi will be on the RRFN stage at Big Iron during Tuesday’s market outlook forum, starting at 1:30 PM.
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