Black Sea

USDA: Russia Dominating World Wheat Market
USDA: Russia Dominating World Wheat Market
USDA: Russia Dominating World Wheat Market
Back in the 1980s and 1990s, for Russia to feed its people, they had to purchase a large amount of U.S. grain, particularly wheat.  However, a lot has changed over the past 30 years.   “Russia has emerged over the past few decades to be the dominant global supplier of wheat," noted USDA Outlook chairman Mark Jekanowski.  He added roughly 25% of...
UN Reaches Black Sea Grain Initiative Extension
UN Reaches Black Sea Grain Initiative Extension
UN Reaches Black Sea Grain Initiative Extension
Over the weekend, the United Nations Secretary-General announced an extension of the Black Sea Grain Initiative.  The announcement came at the last minute as the agreement was set to expire.  The Initiative facilitates the safe navigation for the exports of grain and related foodstuffs and fertilizers, including ammonia, from designated Ukrainian seaports.  During ...
Idaho Wheat Farmers Facing A Mixed Bag This Season
Idaho Wheat Farmers Facing A Mixed Bag This Season
Idaho Wheat Farmers Facing A Mixed Bag This Season
There’s reason for optimism, and reason for concern, as wheat farmers across Idaho prepare for another growing season.  Britany Hurst Marchant, Executive Director of the Idaho Wheat Commission said on the positive side, the Gem state has received a lot of snow this water year.   “Our s...
How Has Russia's Invasion Impacted World Ag Markets?
How Has Russia's Invasion Impacted World Ag Markets?
How Has Russia's Invasion Impacted World Ag Markets?
It’s been just a little over a year since Russian tanks rolled into Ukraine and started a war that many thought would only last days or weeks—but has lasted now for 12 months.   "Quite honestly I would not be surprised 12 months from now if we're still talking about it," noted Karl Setzer, Commodity Risk Analyst with AgriVisor.  When the Russian in...
Ukraine’s Exports Recover Under Black Sea Grain Initiative
Ukraine’s Exports Recover Under Black Sea Grain Initiative
Ukraine’s Exports Recover Under Black Sea Grain Initiative
According to ERS, Ukraine's corn and wheat exports have almost returned to seasonal-average levels since the summer of 2022.  The change follows the Black Sea Grain Initiative to reopen the Black Sea shipping routes.  Russia's invasion of Ukraine in February 2022 led to elevated security risks and infrastructure damage, causing Ukraine's seaports to be almost completely cut off from March through
What Impact Has Russia’s War Had On US Producers?
What Impact Has Russia’s War Had On US Producers?
What Impact Has Russia’s War Had On US Producers?
When Russia invaded Ukraine on February 24th of this year, ag trade was sent into a tizzy, thanks to not only the anxiety by volatility as well.  USDA chief economist Seth Meyer said the resulting high commodity prices played a part in helping raise U.S. farm i...
Russia OKs Shipments from Ukraine Again
Russia OKs Shipments from Ukraine Again
Russia OKs Shipments from Ukraine Again
On Thursday, a resumption of grain shipments from Ukrainian Black Sea ports, after Russia rejoined an international agreement allowing safe passage of Ukraine cargo ships.  That announcement came after days of uncertainty after Vladimir Puttin’s government temporarily withdrew from the original agreement.  USDA chief ec...

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