Regional News Russia calculated and published its official grain export duty rates on Monday. Effective 2 April 2021, the benchmark prices and tariffs are as follow:
Wheat: benchmark price of $281/80/MT, implying an export duty of $57.20/MT Corn benchmark price of $242.60/MT, implying an export duty of $40.30/MT Barley benchmark price of $238.90/MT, implying an export duty of $37.37/MT
Wheat crops in Belarus and Ukraine are starting their vegetation stage due to warming weather. Ukraine’s wheat is emerging from dormancy roughly five days later than normal, but that is not expected to have a significant impact on yields this summer. Farmers in Ukraine have started planting spring grain crops and 15.5 Mha are...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
