We are still waiting on talks between Russia and Ukraine this week. Last week there were hopeful signs the two nations could soon come to a resolution on exports, but until that agreement is reached, crops will remain piled high at the edge of fields.
This video shows cabbage being thrown away on a Ukrainian farm because it cannot be exported. Most grain elevators have already reached capacity as ports remain blocked. Even once ports are open, Ukrainian farmers will still have trouble delivering their crop. Tanks and trailers, which are heavier than the country’s infrastructure can handle, are tearing up the roads.
Despite all of this, one ag economist says the market impact of the war is lessening. It is not because things are better but because the initial shock is gone. Chad Hart with Iowa State University says since we know what the impacts of the war are now, the risk has been taken off the table.
Related:
Russia and Ukraine will resume talks today to get grain out
EU hopes to reach Ukraine grain export deal this week
How has Russia’s invasion on Ukraine affected ag inputs?
What kind of impact will the war in Ukraine have on trade? Aimpoint Research weighs in
