Insights and Stories on Black Sea

Apr. 10, 2023 at 5:14 pm CDT

Mexico City | Reuters — Chicago wheat futures were higher on Monday, as dry weather put Kansas City wheat at risk and Russia’s threat to bypass a UN-brokered grain deal underpinned prices, traders said. Corn also closed higher, though soybeans dipped as warm and dry weather improved the planting outlook […]

By Cassandra Garrison

Mar. 29, 2023 at 12:24 pm CDT

Moscow/Chicago | Reuters — Cargill said Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports. Most international grain traders have stopped new investment in […]

By Karl Plume, Olga Popova

Mar. 23, 2023 at 8:21 pm CDT

London | Reuters — Insurers continue to cover grain shipments from Ukraine through a United Nations-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The deal allowing the safe wartime […]

By Jonathan Saul

Mar. 21, 2023 at 7:43 pm CDT

United Nations | Reuters — The United States pushed back on Russian demands that Western sanctions be eased before it allows Ukrainian Black Sea grain exports beyond mid-May, saying there were no restrictions on Russian agricultural products or fertilizer. Moscow’s demands include allowing the Russian Agricultural Bank to return to […]

By Michelle Nichols

Mar. 21, 2023 at 6:22 pm CDT

Reuters — Chicago soy futures reversed gains to close lower on Tuesday, pushed down by rising estimates of Brazilian production, while corn and wheat dipped as markets kept a cautious eye on an expected Federal Reserve rate hike. Wheat and corn continue to be capped by the extension of a […]

By Cassandra Garrison