Ag industry professors speak to upcoming trends
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With the war in Ukraine taking a large supply of commodities off the market, producers around the world have opportunities and pitfalls to navigate in order to fill the void of demand.
With the war in Ukraine taking a large supply of commodities off the market, producers around the world have opportunities and pitfalls to navigate in order to fill the void of demand.
Industry professionals gathered for an April 14 webinar, hosted in part by the University of Nebraska’s Center for Agricultural Profitability, to speak to the topic. This included comments of the volatility in world commodity markets and their effect on Nebraska as of mid-April.
“The profit opportunities are really high, but so is the financial risk exposure,” said Cory Walters, UNL associate professor in ag economics. “It’s never been this high and that’s causing a lot of grief, but it’s also providing opportunities.”
Presenting the big picture
Among various topics presented during the webinar, the group’s main point was that prices across the board are rising with the specific current conflict in Europe being a significant factor.
“We see here that Ukraine and Russia provide a large amount of (the) exports in some of the main commodities around the world like wheat, barley, corn, rapeseed oil, canola and sunflower seed,” said Lia Nogueira, UNL associate professor of ag economics and Yeutter Institute fellow.
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