The war in Ukraine is changing the scale of world trade

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The war in Ukraine is changing the scale of world trade

Compeer Financial’s chief risk officer wonders how much the conflict in Ukraine could change the grain trade.

Bill Moore says brownfield Ukraine accounts for about 15 percent of world corn exports.

“While most of it goes to Africa, the Middle East and China, we all know that corn is a global commodity and like water, if you dump it in one place it will just flow and even out.” And we anticipate that’s likely to happen in grain markets in the coming year.”

With Ukrainian production very up in the air in 2022, the US will compete with South America to fill gaps. And Moore believes the US has the advantage.

“Because the US farmer has most of his nitrogen at hand. Brazilian farmers, who get 90 percent of their fertilizer from Russia, have not even started the negotiation process for this product.”

He says this could make Brazil very difficult during the planting season later this year, which would impact grain markets in 2023 and beyond.

Moore made these comments during a recent competitor Podcast as part of a content partnership with Brownfield.

https://brownfieldagnews.com/news/war-in-ukraine-shifting-scales-of-global-trade/ The war in Ukraine is changing the scale of world trade

Jaclyn Diaz

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