“Prior to this development, prices were already elevated, influenced by relatively tight supplies in key exporting countries.
wheat exports, ERS explained that, “With global wheat prices historically elevated and volatile, it is expected that importers will ration demand by at least delaying some purchases.
This cut is expected to be partly offset by higher exports by the other major corn suppliers, with the United States projected to have the largest rise in corn exports of 2.0 million tons.
The FT article added that, “The EU gets half its corn from Ukraine and a third of its fertilisers from Russia.
“He said Ukraine had sufficient volumes of basic food products for the next few months.
He has previously worked for the USDA’s National Agricultural Statistics Service, and compiled the daily FarmPolicy.com News Summary from 2003-2015.