What has happened in the Black Sea since last Monday - THREAD
#wheat #corn #oatt

* 10 vessels left Ukrainian terminals thanks to the grain deal, mainly #corn. The total volume of food products blocked in the terminals since late February was 0.6 MMT

1/ * Wonder what the quality is after 5+ months on board…seems that the buyer of the first vessel Razoni with 26K of corn refused to accept the cargo

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What’s wrong with inevitable global food crisis prophecies. THREAD:
#wheat #corn

* Blocked Ukrainian grain terminals are a key factor supporting record-high prices. That has been priced in already – the war started almost three months ago.
1/ * Ukraine is likely to decrease exports in 21/22 by 5 mmt of #wheat (and 12 mmt of #corn) compared to pre-war estimates
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A quick explainer of what has happened in Kazakhstan and what it could mean for the #wheat market. Hint: this could generate some bullish headlines.

* In 2019 the first KZ president Nazarbaev started the power transition

1/ * Nazarbaev resigned and appointed Tokayev as an interim president. Shortly after Tokayev won the presidential election (surprise!)
* Tokayev was #1 politician officially but the transition went very slowly, so in fact, Nazarbaev remained #1 decision-maker in the country

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