Former House Ag Chair Collin Peterson says the U.S. is “going to have to ride out this volatility” in the global grain markets as traders seek to get a handle on the path forward for trade in the Black Sea region. The situation has been especially turbulent in the last week as Russia suspended its participation in a deal to facilitate Black Sea grain trade, only to renew it days later. Vince Peterson with the U.S. Wheat Associates also joined this week’s show to discuss the implications of the Black Sea Grain Initiative and the impact it is having on the global wheat market..Vince Peterson says the deal is causing a lot of “price volatility every time [Vladimir] Putin decides he is in or he is out,” but that overall, there is not “a very big hole in the [global] wheat market.”