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Grain Markets Set for Supply Shock of a Lifetime, Economist Says

Russia’s invasion of Ukraine puts tens of millions of grain acres at stake, according to a University of Illinois economist.

Combine harvesters unload harvested wheat grain into a truck during a harvest on a farm in Russia. 

Combine harvesters unload harvested wheat grain into a truck during a harvest on a farm in Russia. 

Photographer: Andrey Rudakov/Bloomberg

Russia’s invasion of Ukraine could devastate global grain markets so deeply that it’s likely to be the biggest supply shock in living memory. 

That’s according to Scott Irwin, an agricultural economist at the University of Illinois. Tens of millions of acres of grain production are at stake, he said Wednesday on Twitter.