From DTN Progressive Farmer:
OMAHA (DTN) -- In its March global and domestic supply and demand report, USDA factored in the war in Ukraine by slashing exports from the country, even as Ukraine implemented its own ban on exports on Wednesday.
Just hours before USDA released its World Agricultural Supply and Demand Estimates (WASDE) report, Ukraine announced an export ban on wheat, corn, sunflower oil, oats, rye, barley, sugar and cattle.
In a note, USDA stated "Russia's recent military action in Ukraine significantly increased the uncertainty of agricultural supply and demand conditions in the region and globally. The March WASDE represents an initial assessment of the short-term impacts as a result of this action."
With that, USDA lowered Ukraine's wheat exports by 4 million metric tons (mmt) to 20 mmt. Russia's wheat exports are reduced 3 mmt to 32 mmt "as vessel transportation is expected be constrained by the conflict and the imposition of economic sanctions."
....MUCH MORE
Earlier:USDA World Agricultural Supply and Demand Estimates - March 2022 (WASDE)
