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Kansas State economist Guy Allen spoke at the Sorghum U/Wheat U event in Wichita about Ukraine's impact on grain markets and the high volatility he has seen. He compared current conditions to the early 1980s, with high inflation and a Russian grain embargo.
General commentary on market volatility gives no new supply or demand change, so it has little direct price effect.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.