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Saturday, March 29, 2025

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EU wheat exports drop to 7-month low after renewed concerns

Posted to Maritime Reporter on March 27, 2025

The benchmark wheat futures traded on Euronext on Thursday fell to their lowest level in seven months as concerns over short-term demand for exports this season were rekindled by a stronger euro and a sparse demand from abroad. Euronext's May…

Rubio: US to evaluate Russian demands on Black Sea ceasefire

Posted to Maritime Reporter on March 26, 2025

Marco Rubio, the U.S. Secretary for State, said that on Wednesday. The United States would evaluate any demands made by Russia following its "in principle agreement" with a ceasefire negotiated by the United States in order to ensure safe navigation through Black Sea.

GRAINS-Chicago Corn falls short of USDA planting expectations

Posted to Maritime Reporter on March 26, 2025

Chicago corn futures fell on Wednesday, as traders awaited a U.S. Department of Agriculture release of data showing an increase in corn acres in 2025. Wheat futures declined on the back of continuing Russia-Ukraine discussions around the Black Sea.

Nutrien does not expect any major impacts from the Black Sea deal

Posted to Maritime Reporter on March 26, 2025

Nutrien stated on Wednesday that it does not believe the proposed Black Sea Shipping Deal between Ukraine, Russia, and the U.S. would have a significant impact on the North American or Global Fertilizer Market this year. Nutrien spokesperson…

EU wheat prices rise as traders ignore Black Sea shipping deals

Posted to Maritime Reporter on March 26, 2025

Euronext wheat recovered from a 2-week low on Wednesday as traders downplayed the immediate impact of an American-backed agreement on Black Sea shipping. Euronext was also boosted by the easing of the euro, as traders saw better export prospects for Western European Wheat, particularly in Morocco.

GRAINS-Chicago Corn falls short of USDA planting expectations

Posted to Maritime Reporter on March 26, 2025

Chicago corn futures fell on Wednesday, as traders awaited a U.S. Department of Agriculture release of data showing an increase in corn acres in 2025. Wheat futures declined on the back of continued Russia-Ukraine discussions around the Black…

Black Sea deal unlikely boost Russian food exports short-term

Posted to Maritime Reporter on March 26, 2025

Analysts and industry sources say that a potential agreement to ease restrictions on Russia’s access to international agriculture markets, hailed by Washington and Moscow, will not have a significant impact on the global food supply. The U.S.-brokered deal…

UN: Black Sea freedom of Navigation is crucial for global food security

Posted to Maritime Reporter on March 26, 2025

A deal on the freedom of navigation of ships and ports in the Black Sea, which would ensure the safety of civilian vessels as well as port infrastructures, "will make a significant contribution to the global food supply chain and security," said Stephane Dujarric…

UN: Black Sea freedom of Navigation is crucial for global food security

Posted to Maritime Reporter on March 26, 2025

A deal on the freedom of navigation of ships and ports in the Black Sea, which would ensure the safety of civilian vessels as well as port infrastructures, "will make a significant contribution to the global food supply chain and security," said Stephane Dujarric…

Officials say that Russia has launched a drone attack against a Ukrainian port which provides access to the Black Sea.

Posted to Maritime Reporter on March 26, 2025

The Russian drone attacked the Ukrainian port city of Mykolaiv, which provides access to the Black Sea for the country. It also struck Kryvyi Rih. Ukrainian officials claimed that this was the biggest drone strike on the city in the war. On Tuesday…

Russia claims to have shot down two Ukrainian drones in the Black Sea

Posted to Maritime Reporter on March 26, 2025

The Russian Defence Ministry said that Russian units had destroyed nine Ukrainian drones over night, including two in the Black Sea. On Tuesday, the United States and Russia reached separate agreements to stop their airstrikes over the Black Sea as well as against each other's targets in energy.

Chicago wheat futures drop on Black Sea Deal, soyabeans and corn also fall

Posted to Maritime Reporter on March 26, 2025

Chicago wheat futures declined for the third consecutive session on Wednesday. This was due to the United States agreements with Ukraine and Russia, which halted attacks on sea targets and energy targets. Soybeans, corn and other grains also fell due to concerns about U.S.

Lavrov: Black Sea deal is aimed at Moscow to make profit and ensure food safety.

Posted to Maritime Reporter on March 25, 2025

In remarks published late Tuesday, Russian Foreign minister Sergei Lavrov stated that the Black Sea maritime security agreement aims to return Moscow to predictable grain markets and fertiliser markets which would allow for profit while ensuring global food security.

GRAINS-Wheat Futures Drop on Black Sea Agreements

Posted to Maritime Reporter on March 25, 2025

Chicago wheat futures eased Tuesday after the United States announced that it has reached agreements with Russia, Ukraine and other countries to ensure safe navigation on the Black Sea. Analysts predicted a large South American soybean crop and corn prices also dropped.

Delfin LNG signs 15-year supply agreement with German firm SEFE

Posted to Maritime Reporter on March 25, 2025

Delfin LNG, a German company and Securing Energy For Europe have signed an agreement to supply 1.5 million tons per year of U.S. Liquefied Natural Gas (LNG). The companies announced this on Tuesday. Delfin announced in a release that the floating…

EU wheat prices slip further after Black Sea shipping agreement announced

Posted to Maritime Reporter on March 25, 2025

Euronext wheat prices fell on Tuesday after the U.S. announced an agreement with Russia and Ukraine that would protect maritime trade along the Black Sea. This could lead to increased competition for exports, traders reported. Euronext's May…

GRAINS-Wheat Futures Drop on Black Sea Agreements

Posted to Maritime Reporter on March 25, 2025

Chicago wheat futures eased Tuesday after the United States announced that it has reached agreements with Russia, Ukraine and other countries to ensure safe navigation on the Black Sea. Analysts predicted a large South American soybean crop and corn prices also dropped.

Kremlin: Russia has agreed to guarantee safe navigation on the Black Sea

Posted to Maritime Reporter on March 25, 2025

The Kremlin announced on Tuesday that Moscow has agreed to guarantee safe navigation in Black Sea provided Western sanctions against companies exporting food and fertilizer are lifted. The United States and Russia have also agreed on measures…

Zelenskiy, Ukraine's Zelenskiy, says that the Black Sea and energy ceasefire is effective immediately

Posted to Maritime Reporter on March 25, 2025

Volodymyr Zelenskiy, the Ukrainian president, said that the truce over the Black Sea and the energy infrastructure took effect immediately on Tuesday. He also stated that if Moscow violated the agreements he would ask Donald Trump for more weapons and sanctions against Russia.

Ukraine accepts ceasefire agreement brokered by the US

Posted to Maritime Reporter on March 25, 2025

Ukraine's Defence Minister said that Kyiv had agreed to the two ceasefires with Russia announced by the United States Tuesday, and that Kyiv welcomed third countries who would support the implementation of these accords. The United States announced…

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