On April 12, Agriculture Secretary Tom Vilsack announced steps the U.S. Department of Agriculture (USDA) is taking to implement President Biden’s plan to enable energy independence by boosting homegrown biofuels.

The Russian invasion of Ukraine has created uncertainty in global grain exports. This uncertainty has and likely will continue to result in short-term opportunity for US corn exports. This article conducts scenario analysis around US corn prices, examining plausible “what-if” events and predicting possible outcomes. Scenario analysis can provide a better understanding of upside opportunities as well as downside risks. A better understanding of the potential outcomes of these events can help in planning and managing should they occur.

According to a new report from CoBank's Knowledge Exchange, the conflict will negatively affect global grain flows for at least two crop years, and likely longer.