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Tag Archives black sea


CBOT May 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy closes higher on rising crude oil, stocks values

Ukraine Black Sea grain deal extended for at least 60 days

By Cassandra Garrison March 21, 2023
Mexico City | Reuters — Chicago Board of Trade soy futures rallied from a three-month low to close higher on Monday, catching a tailwind from U.S. stocks reassured by the […] Read more

Vessels are seen as they await inspection under the Black Sea Grain Initiative, brokered by the UN and Turkey, in the southern anchorage of the Bosphorus at Istanbul on Dec. 11, 2022. (File photo: Reuters/Yoruk Isik)
Crops, Markets

Ukraine Black Sea grain deal extended for at least 60 days

UN, Turkey not yet specifying extension's duration

By Huseyin Hayatsever, Michelle Nichols March 19, 2023
Ankara/United Nations | Reuters — A deal allowing the safe Black Sea export of Ukrainian grain was renewed on Saturday for at least 60 days — half the intended period […] Read more

CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Chicago grains end week higher on export demand, Black Sea jitters

Soy pushed down for fifth consecutive week

By Cassandra Garrison March 18, 2023
Chicago | Reuters — Chicago wheat and corn futures posted weekly gains for the first time in five weeks, ending stronger on Friday on high demand for U.S. corn exports […] Read more

Commercial vessels  –including vessels which are part of the Black Sea grain deal — wait to pass the Bosphorus strait off the shores of Yenikapi during a misty morning in Istanbul, Turkey on Oct. 31, 2022. (Photo: Reuters/Umit Bektas)
Crops

UN backs Turkey, Ukraine in call for 120-day grain deal rollover

Text of original deal calls for 120, UN says

By Michelle Nichols March 16, 2023
United Nations | Reuters — The United Nations backed Turkey and Ukraine on Thursday by calling for a 120-day rollover of an agreement allowing the safe export of grain from […] Read more

CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (orange open/high/low/close) and K.C. May 2023 hard red winter wheat (orange O/H/L/C). (Barchart)
Crops, Markets

U.S. grains: Wheat slightly rebounds; corn, soy dip

Market volatility over banking sector hits grains prices

By Cassandra Garrison March 13, 2023
Chicago | Reuters — Chicago grains see-sawed on Monday, piggybacking on U.S. stocks that were spooked by global economic concerns after the tech-focused lender Silicon Valley Bank collapsed. The most-active […] Read more


Commercial vessels  –including vessels which are part of the Black Sea grain deal — wait to pass the Bosphorus strait off the shores of Yenikapi during a misty morning in Istanbul, Turkey on Oct. 31, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets

Russia suggests renewing Black Sea grain deal for shorter term

Moscow says sanctions have created barriers for its exports

By Gabrielle Tetrault-Farber March 13, 2023
Geneva | Reuters — Moscow is suggesting to renew a deal allowing the safe export of grain from Ukraine’s Black Sea ports — but only for a period of 60 […] Read more

(Thinkstock photo)
Crops, Markets

Prairie cash wheat: U.S. futures drag down wheat bids

Potential for more interest rate hikes remains

By Adam Peleshaty March 11, 2023
MarketsFarm — Hawkish comments from the chair of the U.S. Federal Reserve and the possible renewal of the Black Sea Grain Initiative brought down wheat futures on the Chicago Board […] Read more

CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat, corn get boost off weaker dollar after multi-month lows

Expectations grow for Black Sea deal extension

By Cassandra Garrison March 11, 2023
Chicago | Reuters — Chicago wheat futures closed higher on Friday, boosted by a weaker U.S. dollar, after hitting a 20-month low, while corn futures rose from a seven-month low. […] Read more


CBOT May 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Wheat at 18-month low on Black Sea deal hope

Soybeans boosted by slash to Argentina harvest

By Cassandra Garrison March 9, 2023
Chicago | Reuters — Chicago wheat futures on Wednesday fell to their lowest point in 18 months on expectations for a Black Sea grains deal and continued poor demand for […] Read more

A wall in the medina (ancient city quarter) of Rabat, Morocco’s capital. (Cia.gov)
Crops, Markets

Morocco adjusts wheat import scheme in nod to Black Sea

Move could bump up competition among exporters

By Ahmed Eljechtimi, Gus Trompiz March 8, 2023
Rabat/Paris | Reuters — Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea […] Read more

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