More positive news out of the Ukraine with their grain harvest/delivery.

[Harpy Eagle]

Black Sea Export Deal Easing Ukrainian Grain Flows, Bringing Down Prices, as Ukraine's Wheat Harvest 91% Complete - Farm Policy News

Bloomberg writers Elizabeth Elkin and Megan Durisin reported yesterday that, "Ukrainian grain flows are pushing down global prices as the newly opened crop-export corridor shows initial success."

farmpolicynews.illinois.edu

Bloomberg writers Elizabeth Elkin and Megan Durisin reported yesterday that, “Ukrainian grain flows are pushing down global prices as the newly opened crop-export corridor shows initial success.

More than 500,000 tons of foodstuffs aboard 21 ships were exported from the country’s major Black Sea ports in the first half of August, under a deal agreed late last month.

“That’s far below a normal pace, but is providing some relief to grain supplies strained by Russia’s invasion and bad weather curbing harvests elsewhere.”

Elkin and Durisin explained that, “Ukraine’s grain exports in the 2022 to 2023 season are now seen at 30.4 million tons, compared with a July outlook for 22.6 million tons. Before the war, 5 to 6 million tons could depart Ukrainian ports monthly.

“Still, prospects for an acceleration in flows are weighing on grain prices…[and]…Ukraine also continues to ship crops via alternative land and river routes established during the war.”