Grain prices expected to ease: Conference Board of Canada

With the sailing of the first ship carrying Ukrainian grain (corn) leaving Odesa, global grain prices are forecasted to ease after a 40 per cent spike to a record high in March suggests the latest Economic Quick Take from The Conference Board of Canada.

The Conference Board report highlights points and key insights into Statistics Canada’s latest international trade release.

There are 16 more full ships queued up to depart from Ukraine carrying wheat, sunflower seeds, corn and sunflower oil. Price impacts will settle but will remain elevated. Improvements in food prices will take time, the report forecasts.