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Insights on the Current Global Grain Market

Phelim Dolan from Comex McKinnon joined the Tillage Edge podcast this week to talk about the current grain market and the prospects for the coming months. Phelim talks about the pressures on grain supply before the war in Ukraine started and the current effect of the war on prices now.

Looking forward, Phelim pointed to the crisis in some sectors due to very expensive grain and a strong possibility of a global recession, which is predicted for the latter half of 2022 into 2023 which will have a negative impact on grain prices.  

Consequently, Phelim wouldn’t discourage farmers to forward sell grain, given the historically high prices, to lock in some profits.

For more episodes and information from the Tillage Edge podcast go to: www.teagasc.ie/thetillageedge