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Tribune News Service
Tribune News Service
Business
Mike Hughlett

War in Ukraine upends global ag markets as farmers prepare for new crop

Russia's invasion of Ukraine last week has sparked turmoil in agricultural markets just as farmers prepare for this spring's planting.

The farmers see opportunity but also economic danger — and a lot of uncertainty.

Prices for corn and soybeans have returned to the highs of last spring and summer, a level not seen in seven to eight years. Wheat prices have soared as worries rose about supply. Russia and Ukraine together account for nearly one-third of global wheat exports.

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