Moody's is reviewing the ratings for 10 Turkish banks with the trade expecting that there could be a general downgrade for all involved, affecting their international operations and financing of grain imports.
News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS There is a great deal of talk today about the possibility of Russia closing off the Kerch Strait to vessels from eastern Ukrainian ports such as Berdiansk and Mariup, which are both used for smaller grain shipments to buyers in the Middle East and North Africa. Located between Crimea and Russia, the straight connects the Sea of Azov and the Black Sea. While there is no concrete reason to assume that Russia will take such action, it is a risk and certainly one that buyers and...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
