The secretary of agriculture says that a Russian invasion of Ukraine offers American farmers a chance to boost production and prevent supply chain problems.
President Biden says Russia is increasing its troops along the Ukraine border and believes the Kremlin is looking to create a pretext for war.DUBAI, United Arab Emirates -- American wheat farmers will boost production and prevent supply chain problems in the event that a possible Russian invasion ofchokes off agricultural exports from the global grains powerhouse, the U.S. secretary of agriculture said on Saturday.
U.S. President Joe Biden said late Friday he was now “convinced” that Russian President Vladimir Putin had decided to invade Ukraine in the coming days. A bushel of wheat was trading in Chicago at over $8 on Saturday — just below the multi-year high hit last year. The price of a bushel of corn climbed 0.5% on Saturday to exceed $6.50.
On the U.S. decision Friday to lift a ban on inspections of Mexican avocados, Vilsack said there had been “a commitment by Mexican officials to do what needed to be done, which was to investigate the threats" against U.S. safety inspectors.
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