Russia and Ukraine generate a quarter of the world's grain, and nearly as much so of corn.
Ukraine was pretty much written off for this season, but Russia shutting off grain exports is going to make things worse. However, it's yet another loss of income for them when they've already lost most of their oil/gas export income. My guess is that the grain and corn will go to China.
The US pays a lot of farmers to sit on their asses, so there's plenty of capacity; if the federal government acts fast and farmers are smart...
Ukraine was pretty much written off for this season, but Russia shutting off grain exports is going to make things worse. However, it's yet another loss of income for them when they've already lost most of their oil/gas export income. My guess is that the grain and corn will go to China.
The US pays a lot of farmers to sit on their asses, so there's plenty of capacity; if the federal government acts fast and farmers are smart...