A grain market analyst says Russia’s geopolitical chess match could be a mixed bag for American farmers.
Bill Biedermann with AgMarket.Net tells Brownfield tensions with Ukraine will impact corn and wheat exports from both countries. “The market is guessing that there is going to be an impact on shipping. Negative for them, positive for us. The cost of shipping would go up so much it would force demand over to our shores.”
He says for example Russia and Ukraine export about 30 percent of the wheat in the world.
