In Better Shape: Global supply and demand closer to normal now that Ukraine is shipping grain again
The world’s grain markets are responding to Ukraine’s first shipment out of the country since Russia’s war began.
The USDA outlook board chairman says that with goods finally leaving the wartorn country, the global supply situation might be in better shape. Later this week, the agency will release a new forecast for Ukrainian production and exports. They say that these forecasts could be much different than last month.
According to Mark Jekanowski, “It’s an important step to maybe getting the global supply and demand balance a little more close to normal and maybe improving the overall food security outlook.”