Regional News Weather patterns across much of Europe and the Black Sea remain lodged in a hot, dry trend causing likely delays and reductions in winter crop planted areas. The EU Commission noted that “severe drought conditions” exist across eastern Romania, eastern Bulgaria, and southern Ukraine. WPI sources note soil moisture levels in Romania and Bulgaria are exceptionally dry and will cut winter wheat, barley, and rapeseed planting intentions. Sources suggest winter rapeseed planted area will be 1-2 percent below last year.
The EU Commission recently lowered its yield forecasts for nearly all European crops due to the August heatwaves and drought. The region’s corn yield was pared back 2.2 percent from A...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
