Rather than focusing on the Black Sea Grain Initiative, Paradigm Futures market analyst Kent Beadle is monitoring Ukraine’s the crop prospects. “We saw essentially about a one-third decline in the production of the summer crops last year after the onset of the war and I think it might be more difficult to produce in that country this upcoming year. We’re talking about a fairly substantial amount of supply that came off the world market and is going to be coming off the world market again this upcoming year.”
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