Market Update - New Kakhovka Dam and the impacts on Ukraine's wheat crop
Chris Trant, our Head of U.S. Agriculture, provides an in-depth analysis of the New Kakhovka Dam’s recent collapse, and the impacts it will have on Ukraine’s next wheat crop.
The explosion of the dam at the Kakhovka hydroelectric power plant, which occurred on June 6 amid Ukraine’s war with Russia, triggered massive flooding in the region, forcing the displacement of thousands of people, and endangering agricultural land and food supplies. In addition to all the adverse effects on the population and producers, what are the challenges for local commodity markets there in the near future?
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