Feb 24, 2022

Grain Supplies Threatened as Ukraine Conflict Shuts Down Ports

No damage to ports reported after Russian forces invade Ukraine 

Ukraine's military has suspended operations at its ports after Russian forces invaded the country by land and sea, an adviser to the president's chief of staff said on Thursday, as concerns grew about the flow of supplies from one of the world's top exporters of grains and oilseeds.

According to a report at Reuters, Russia had earlier suspended movement of commercial vessels in the Azov sea until further notice, but kept Russian ports in the Black Sea open for navigation, its officials and five grain industry sources said.

"The market is still struggling to get a clear picture about the actual military situation on the ground. The ports in the Azov and Black Sea so far seem not to have been damaged according to the initial shipping agency reports," one European grain trader told Reuters.

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Magazine

Marketwatch: Jul, 03

US Corn Price Idx: ZCPAUS.CM

open: 7.1488
high: 7.3886
low: 7.0173
close: 7.0525

US Soybean Price Idx: ZSPAUS.CM

open: 15.7324
high: 16.5525
low: 15.3323
close: 15.3637

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.0002
high: 9.0773
low: 8.5501
close: 8.6212

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.1033
high: 8.308
low: 7.749
close: 7.8078