Wednesday, September 7, 2022

Ag Commodities: Wheat Much Higher After Putin Talk

No respite for the bread-eaters. Front futures up 46.75 (5.72%) at 863.75 

From Ireland's RTÉ:

Putin to look at revising Ukrainian grain export deal 

President Vladimir Putin has claimed that Russia and the developing world have been "cheated" by a UN-brokered Ukrainian grain export deal.

He vowed to revise its terms and limit the countries that can receive shipments.

But a Ukrainian presidential adviser dismissed the remarks as "flabbergasting".

"The agreements signed in Istanbul concern only one issue, and that is the transfer of cargo ships through the Black Sea," Mykhailo Podolyak, an adviser to Ukrainian President Volodymyr Zelenskiy, told Reuters.

"Russia can't dictate where Ukraine should send its grain, and Ukraine doesn't dictate the same to Russia," he added.

'A scam'....

....MUCH MORE