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Markets rise further as export disruption continues

Grain prices are broadly unchanged amid ongoing disruptions to Black Sea exports. Nov-26 UK feed wheat futures stand at £202.75/t, down just £0.25/t on Friday’s close. According to the AHDB,…

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Markets rise further as export disruption continues

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Grain prices are broadly unchanged amid ongoing disruptions to Black Sea exports. Nov-26 UK feed wheat futures stand at £202.75/t, down just £0.25/t on Friday’s close. According to the AHDB, various industry sources estimate that Russian grain exports fell 20% year-on-year in July, with steeper year-on-year reductions expected for August (LSEG). Last week, Ukrainian drones struck three Russian grain terminals, resulting in a suspension of operations at Russia’s top wheat exporting port in the Black Sea, Novorossiysk. Russia retaliated with a strike on the port at Izmail. Ukraine’s Ag ministry reported grain exports down 10% year-on-year in the first 14…