Market

On October 30th the Russian Federation suspended their participation in the Black Sea Grain Initiative. Instead of freezing the current backlog of laden vessels, Turkish and UN delegations have instead reacted swiftly by increasing inspections in the Marmara Sea.

Market

The Black Sea is one of the regions the early users of Kpler Grains & Oilseeds watch the most. Let's have a look at a few interesting moves identified by Madeleine Overgaard, Grains Analyst.

Market

The war in Ukraine has quickly highlighted the fragility of grain markets. Prices have responded to the upside as a result. While loading disruptions have yet to surface, strict sanctions, a Russian agreement with China and disappointing Ukrainian yields are all likely to weigh on Black Sea loadings as the harvest season approaches in Q3. Med purchasers are poised to feel the biggest impacts, albeit the United States could help to fill the supply gap.