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Ukrainian grain exports helping to strengthen world food supply

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The first cargo ship loaded with Ukrainian grain to leave Ukraine since the Russian invasion left the port of Odesa on August 1st.

Grain shipments from Ukraine have increased in recent weeks which has lessened some food supply concerns and prices have dropped since the restart of grain exports from the country.

Despite the increase in shipments, Ukraine is still nowhere near its typical level of grain exports according to commodity broker and AgMarket.net co-founder Jim McCormick.

McCormick says with drought concerns in the United States and Europe and war in Ukraine all eyes are now turning to South America.

McCormick says he could foresee Europe lessening import restrictions on GMOs.

For more information visit www.AgMarket.net

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