News

After Turkish civilian vessels were attacked off the coast of Ukraine and the Russian Federation, Turkey moved from abstract talk of "concern" to direct statements that the spread of the war to civilian shipping poses a threat to navigation and food security, and Turkish Foreign Minister Hakan Fidan proposed that the Russian Federation and Ukraine establish a moratorium on attacks on vessels in the Black Sea.   While Turkey has not blocked the Black Sea and the Dardanelles...

The main agricultural regions of the US are experiencing very favorable weather conditions for late crops, and although high temperatures were observed there last week, most of the territory received showers, which reduced stress for plants. Heavy, prolonged rains are expected in the Midwest and Plains next week, which will lower temperatures and continue to improve the condition of corn and soybean crops. Analysts are already raising their U.S. crop forecasts, so we expect an adjustment...

Iran and Oman have not signed an agreement to unblock the Strait of Hormuz, so oil prices have resumed their growth, and the intensification of attacks by Yemeni Houthis on tankers in the Red Sea is intensifying the escalation in the Middle East.   After Trump's statement about the rapid signing of the agreement to open the Strait of Hormuz, October Brent crude futures fell by 11.4% at the beginning of last week, but by the end of the week they rose again by 5.9% to $83.5/barrel...

Grain procurement prices in Ukraine remain influenced by active new-crop supplies and demand from traders and processors. As of August 7, 2026, traders are purchasing Grade 2 wheat at an average price of UAH 10,008/t, corn at UAH 9,050/t, barley at UAH 8,980/t, sunflower seeds at UAH 22,814/t, soybeans at UAH 19,900/t, and rapeseed at UAH 22,461/t. Current procurement prices for grain and oilseed crops by region and delivery basis are provided in the table below.   Purchase...

Prime Minister of Ukraine Serhiy Koretsky said that the government has adopted an emergency package of measures to support Ukrainian farmers against the backdrop of Russian terror in the Black Sea and the blocking of export routes, the Government Portal reports. Changes are being made to the "5-7-9%" program that will allow farmers to receive preferential loans to replenish working capital, under which the difference in interest rates will be compensated by the state. In total,...

The halt in seaborne grain exports from Ukraine has led to a sharp rise in stock market quotes and a drop in domestic corn prices in Ukraine. And while demand for the new crop remains high, buyers are increasingly skeptical that exports from Ukrainian Black Sea ports will fully resume by the end of the year.   Export demand prices for feed corn delivered to Danube ports remain at the level of 8500-9000 UAH/t or 175-180 $/t, but the main demand is concentrated on deliveries to the...

Against the backdrop of the blockade of the ports of Greater Odessa, Ukrainian exporters have intensified road transportation of goods across the western borders, which has increased the load at checkpoints and led to the formation of queues, latifundist reports.   According to the Association of International Freight Forwarders of Ukraine, as of August 6, 4,948 trucks were waiting to leave Ukraine in the eQueue system, of which 87% or 4,306 vehicles were concentrated on the border...

Algeria's state grain agency OAIC purchased 540,000-720,000 tonnes of food wheat in an international tender on August 5. The final volume of the purchase has not yet been confirmed, but according to market participants, 720,000 tonnes of wheat were purchased at a price of $289-290/t C&F, which is significantly higher than the price of the previous June tender, which purchased 800,000 tonnes of wheat at a price of $264-265/t C&F.   The tender mainly contracted Romanian and...