Moscow’s signing up to a third extension of the Black Sea grain export deal, confirmed late Wednesday, keeps open the safe corridor for Ukraine’s grain shipments and removes doubts over access to Russia’s substantial exportable wheat supplies too, commented...
Wheat futures staged their biggest rally in six months after an alleged attack on the Kremlin heightened Russia-Ukraine tensions, stoking doubts over the renewal of the Black Sea grain export deal, warned CRM Agri.
The Ukraine grain corridor agreement, which expired over the weekend, has reportedly been extended, although the details of the terms remain shrouded in ambiguity, noted CRM Agri.
An extension of the Ukrainian grain export corridor is anticipated, though the outcome of talks will be crucial for the short and long-term price direction, finds an AHDB report.
The English High Court has granted a worldwide freezing order against Sergiy Groza and Volodymyr Naumenko, the owners of GNT Group and Olimpex Coupe International, a grain terminal in Odessa, Ukraine; the order was issued on behalf of GNT Group creditors,...
Corn markets were mainly down yesterday as global crude oil prices continued to decline on the back of looming recession fears and poor economic data, particularly for China, noted CRM Agri.
The Port of Tilbury’s grain terminal has completed major construction works with the commissioning of ten metal silos, 30m in height, and a flat store with a combined storage capacity of 36,000 tons.
US agribusiness giant, ADM, expects lower crop supplies for the next 18 months and beyond arising from the weak Canadian canola crop, the cut in South American soy and grain output, and Black Sea conflict related disruptions.
EU feed manufacturing companies are currently searching for alternative supplies to compensate for loss of Black sea origin, mainly in relation to maize [corn] and sunflower meal.
Global crude oil values have rallied sharply as the conflict in Ukraine continues to escalate and markets price in risk premium, with growing uncertainty in global markets, finds CRM Agri in its latest outlook.
Tensions continue to build surrounding Ukraine and potential conflict. An attack by Russia on Ukraine has the potential to disrupt global wheat export markets.
Weakness in the maize market is arising out of lower demand in the US on the back of weak crude oil and reduced fuel demand, and reduced ethanol demand, according to the latest AHDB cereals and oilseeds market report.
