Author: Viktoriia Ray
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Jordan Feed Barley: 50,000t at $284/Tonne
Price Benchmark: Jordan secured 50,000 tonnes of feed barley at $284/tonne C&F, setting a key reference level for Mediterranean barley values. Partial Volume: Only half of the planned 120,000 tonnes was purchased, signaling cautious demand and potential for a follow-up tender. Tight Spread: Competing offers were clustered between $286.45 and $290/tonne C&F, highlighting limited seller…
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Crimea Grain Exports Up 33% in 2026 — New Quotas
Quota Expansion: Crimea plans to increase grain export quotas for 2026 by about one-third, adding 400,000 tons of wheat and 150,000 tons of barley. Oilseed Diversification: Additional export quotas under negotiation include 10,000 tons of sunflower and 15,000 tons of rapeseed, opening a new export direction. Stable Destinations: Egypt, Oman, Libya, and gradually Syria remain…
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Ukrainian Corn Prices Rise as Supply Tightens
Bullish: Ukrainian feed corn prices at Black Sea ports gained USD 1-2/t week-on-week to USD 207-217/t CPT on tight farmer selling and strong buyer competition. Bearish: USDA’s unprecedented upward revision to U.S. 2025 corn acreage triggered a 5.4% futures drop and heightened uncertainty around official supply data. Volatility: Eroding confidence in USDA statistics may shift…
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Russian Wheat Exports Rally Despite Black Sea Delays
Bullish: USDA cut global wheat stocks below expectations, while Russian export demand from Turkey and Iran remains strong despite logistics issues. Bearish: Black Sea port congestion, oversupplied global grain markets, and aggressive competition from Argentina cap upside for international wheat prices. Global Wheat Market Overview Global grain markets were mixed as the USDA’s February WASDE…
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Russian Grain Exports Surge as Kazakhstan VAT Bites
Bullish – Russian grain exports: Russian grain shipments rose 6% to 4.5 million tons in January 2026, with wheat exports up 18% to 2.8 million tons, strengthening Russia’s regional market share. Bearish – Kazakhstan competitiveness: Kazakhstan’s new Tax Code cuts VAT refunds on agricultural exports to just 3.2%, creating a 12.8% cost burden and an estimated 120 billion…
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Turkey Feed Barley: TMO Buys 225,000 Tons, Shortfall
Volume Shortfall: TMO secured 225,000 tons of feed barley, about 30,000 tons below the planned 255,000-ton tender volume. Price Benchmark: Successful offers ranged between $266.2 and $279 per ton C&F, setting a near-term reference for Black Sea feed barley values. Port Allocation: Largest allocations go to Bandirma, Izmir, and Mersin at 50,000 tons each, with…
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Ukrainian corn exports slump to 9.37M tons
Bearish: Ukrainian corn exports are down nearly 30% year-on-year, with July–January shipments at their lowest since 2017–2018, signaling weaker export performance. Supportive for prices: Reduced export pace and a cut in Sovecon’s full-season forecast point to tighter Ukrainian supply availability, limiting downside pressure on Black Sea FOB corn prices. Risk Factors: Late harvest, Black Sea…
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Russian Wheat Exports Rise: USDA Boosts 2025/26 Forecast
USDA raised Russia’s 2025/26 wheat export forecast to 44 million tonnes, reinforcing its role as the top global exporter. EU wheat export outlook was cut to 31.5 million tonnes, signaling tighter European export availability. Russia’s feed grain export forecast increased to 7.33 million tonnes, supporting strong Black Sea grain export flows. Russian intervention price cuts…
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Black Sea Sunflower Oil Prices Hold Steady Amid Pressure
Sunflower oil steady: Black Sea sunflower oil held at $1,305/t FOB, marking the weekly high despite broader vegoil headwinds. Soy complex mixed: US soybean oil and beans firmed, while Brazilian and EU soybean oil values eased on ample South American supply. Palm oil under pressure: Malaysian palm oil FOB slipped to $1,067.14/t as buyers shift…
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Black Sea Wheat Gains as France Becomes Net Importer
France turns net agricultural importer: A €300 million deficit in 2025 marks the first negative trade balance for raw farm goods in nearly a decade. Import surge and weak wheat exports: Agricultural imports jumped 9% to a record €19.7 billion as wheat shipments slumped on a poor 2024 harvest. Historic squeeze on overall agri-food surplus:…