Ukraine Changes Agriculture CoBank analysts say that the war in Ukraine will have long term impact on grain markets. Indeed, if one just considers the following list of policy actions that have occurred since the war broke out:
At least 31 export bans have been imposed around the world on cereals and fertilizer (note that Russia has said it will only export food to friendly countries); Import tariffs on agricultural products have been lowered to suppress inflation; Restrictions on how much food is stockpiled instead of released to consumers; Using Ukraine to rationalize increased energy and food sovereignty; New subsidies have been created to boost production of fertilizer and food; and Rationing of some food products have been ins...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
