“We have very intense international competition, more than we ever have had before,” Wilson told farmers Dec. 9 during a session about agricultural trade at the Prairie Grains conference in Grand Forks. Besides competition from Brazil and the Ukraine, the United States is facing challenges for agricultural exports from Russia, which is taking steps to shore up its grain supply to ensure food security. Meanwhile, though U.S. companies have made great advances in agricultural technology, others have, too. On the demand side, in the future, domestic need for biodiesel and sustainable fuels will result in reduction of U.S. trade, Wilson said. “We’re going to have a huge battle for acres.”According to Wilson, other factors that affect the agricultural commodity markets and global trade are:

Source: The North Africa Journal December 16, 2021 15:33 UTC