Traders closely monitoring Russian/Ukraine situation

An ag consultant says this week’s extreme volatility exemplifies the impacts geopolitical and global issues have on commodities.

Dan Roque with Chicago-based Commodity and Ingredient Hedging tells Brownfield supplies are likely to tighten with Russia’s attack on Ukraine.

“Not only on the grain side of things—but you also have oilseeds as well,” he says.  “Vegetable oil is taking off again which is lost in the grand scheme of things but actually Ukraine is the top sunflower oil exporter,” he explains.

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