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Thomas Elder Markets | Daily Report

May 27, 2022 | Agricultural Markets News

Reading time: 2 minutes

Thomas Elder Market

Market Morsel: You look really rice; I want you.
Is rice a risk for traditional feed grains?

In the past week or so, there have been discussions about Ukrainian sea ports’ opening up. This would be a benefit for many import nations in the middle east and north Africa. Conversely,for farmers worldwide, this would lead to a likely reduction in grain pricing levels.

Globally, Russia’s reputation is in tatters, and that will only worsen. There are many comments from around the world criticising Russia for using wheat as a weapon. Russia is reportedly willing to open humanitarian corridors for grain exports.

Details are foggy from this region at present, and at present, it may only be permitted for the exit of vessels stuck in port since the Russian invasion. If this is a big if exports open properly, this is a bearish factor on the market.

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