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USDA Economists Sees Black Sea Exports Moderating Grain Prices

Agricultural markets saw widespread change for myriad reasons in the three years since the US Department of Agriculture was last able to invite representatives from across the agricultural supply chains to the nation’s capital. The big picture of disruption for US agriculture in the 2020s to date: COVID and its long tail of economic effects. Prices rising since demand picked up in the fall of 2020. Short crops around the globe. War in Ukraine. It all adds up to tremendous volatility.