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March 9, 2023

Grain Traders Bank On Renewal of Vital Ukraine Crop Deal

Wheat has hit the lowest since 2021,
also pressured by big Russian and Australian harvests.
The market is likely “taking a policy of no news is good
news,” said James Bolesworth, managing director at CRM
AgriCommodities. “But that tees us up for some surprises
potentially. I think it’s going to stay volatile.”
With talks underway and the deadline fast approaching, here
are four charts that show how the current agreement has impacted
global grains markets:

 

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March 9, 2023