Commodity markets

            The picture of Ukrainian grain market remains complicated and uncertain.

            Prices for Ukrainian wheat and barley have increased after Russia’s withdrawal from the Grain Initiative. Shipments from Black Sea ports stopped.

            Prices for U.S. soybeans have grown due to dry weather in the Midwest, although crop state has improved at the start of the week.

            Increased demand for Australian grains due to the suspension of Ukrainian Grain Initiative led to an increase in relevant export prices.

            Prices for Brazilian corn have grown following the global trend. Corn sales by farmers have been inactive due to low prices.

            World wheat prices have surged after Russia’s withdrawal from the Grain Initiative, as well as amid Russian attacks on Ukrainian ports.

            Mixed price trends have been seen on the Russian grain export market. Quotes suffer pressure from grain quality issues, which is so far worse than in previous seasons.

            Grain traders from EU countries have noticeably raised offer prices, following the futures levels, as shipments from Ukrainian Black Sea ports have stopped and there is no hope for their recovery.