• Russia and Ukraine agree to open grain corridor through Black Sea
    • Could see as much as 5 MMT of grain flowing out of three major ports in the next few weeks
  • Crop conditions near long-term averages, but supply is still a significant concern even in the most optimistic forecasts
  • Federal Reserve triggered commodity long liquidations
    • Will it turn to short selling?
  • Be extra cautious licking the last drops of milk from a can!
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Host: Craig Ruffolo, Vice President – Commodity Specialist Expert: Shawn Bingham, Director of Risk Management