Russian Grain Markets: 9-13 May 2022 Most businesses were closed from 1-9 May as Russians celebrated Soviet holidays. Trade has now resumed and there is a bearish mood on all fronts. Exporters decreased their interest in the Black Sea ports and local currency strengthened thus solidifying the bearish trend. Export duties for wheat continued decreasing which was hard to predict while barley and corn export duties increased as forecasted earlier. New duties for 18-24 May are as follows:
Wheat: $111.9 vs $ 114.3 - 2.4 Barley: $76.5 vs $ 74.1 + 2.4 Corn: $ 77.3 vs $ 77.0 + 0.3
Export FOB Black Sea prices grew to $395/MT. Feed barley prices FOB remained unchanged at...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
