Raising Grain: Invasion of Ukraine Rocks Grain Markets
Russia’s invasion of Ukraine has roiled markets, upended global food and fuel supply chains, and sparked fears of food insecurity at home and abroad. How will dairy businesses fair, and how can they manage risk? On the Season 5 premiere episode of The Dairy Download, we speak to two experts managing this volatility about how grain markets are reacting to the Russian-Ukrainian conflict and how food businesses are planning for continued disruption.
First up is Steve Freed, vice president of research with ADM Investor Services, who argues current grain prices are actually running undervalued. How will capital investments in biofuels, government conservation goals, crop insurance policy, and weather affect what’s grown in the United States this year? What’s on the mind of livestock producers and dairy farmers? Steve sheds light on the many factors influencing the price and availability of food and feed this year.
Next is Lee Sanders, senior vice president of government relations and public affairs with the American Bakers Association—a trade association for baking companies and suppliers. How are bakers who rely on just-in-time delivery of ingredients dealing with supply chain disruptions and uncertainty around availability of grains and oils? And what are policymakers in Washington doing to help alleviate these issues? Lee answers all of that and more.
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