An ag economist says ongoing tensions between Russia and Ukraine will remain a focus for ag markets.
David Widmar with Ag Economic Insights says because Ukraine is a large ag exporting country, it raises questions about overall production. “How much might a conflict or a war or a regime change, impact future investments in the long-term, but also in the short-term,” he asks. “Ultimately if there is a battle that could decrease the amount of supplied that’s there, and increase the risk of agricultural production and in the trade system.”
He tells Brownfield global traders are also very closely monitoring the economic sanctions that have been proposed against Russia. “It’d be very difficult for other countries just to buy goods or to do trade with Russia for sort of current things,” he says. “And that could be related to agriculture.
