Ehmke Seed owners Vance and Louise Ehmke explained why they are in “no man's land” as it pertains to selling wheat amid the war between Russia and Ukraine, both major suppliers of the commodity.
Ehmke Seed owners Vance and Louise Ehmke say the wheat situation 'is a long-term problem' as 'it's going to take years to rebuild that agriculture and all that infrastructure' in Ukraine following the war.explained on Wednesday why they are in "no man's land" as it pertains to selling wheat, as price hikes have been deterring buyers.
"And then on new crop a lot of the buyers have just gotten out of the market, either because they were being crucified by high margin calls or they were just kind of afraid of the market," Vance went on to note. He stressed that "you can’t sell old crop because you don’t have any [and] you can’t sell new crop because local markets don’t have a bid on that yet."
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