Max Armstrong looks at how vegetable oil markets are being impacted by the Ukraine situation. Ukraine and Russia account for nearly 80% of the sunflower oil for the world, and concerns about soybean production in the U.S. may crimp soybean oil supplies. Max offers market insight on the market from Dale Durchholz including a look at how rising use of biodiesel in Brazil and Argentina could impact soy oil exports from those two countries.
Max Armstrong's Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.
Photo: inewsistock/Getty Images Plus
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