The Biden administration may have to open the Conservation Reserve Program (CRP) to cropping this year because of grain shortages that could result from the Russian invasion of Ukraine.
Corn buyers, especially those in Benelux, Iberia, the Middle East and North Africa, are changing their purchases to the EU from Ukraine due to the Russian invasion, according to traders.
Major global grain producers and exporters Russia and Ukraine remain in a full-scale war with no end in sight and that’s keeping the grain futures markets unnerved.
