A Turkish bulk carrier is expected to arrive in the Ukrainian Black Sea port of Chornomorsk on Friday and will be the first vessel to arrive at a Ukrainian port during Russia's invasion, a spokesperson for the regional administration of Odesa said.
Ukraine called on Lebanon on Thursday to reverse a decision by a court in Tripoli to authorise the departure of a seized Syrian ship carrying what Kyiv says is stolen Ukrainian grain. In a statement, the Ukrainian foreign ministry said it was disappointed by the court's decision to clear the Syrian-flagged Laodicea for departure and said that Kyiv's position had not been taken into account.
Agriculture and pharmaceuticals company Bayer on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products.
Chicago wheat futures edged higher on Thursday, with prices rising form their lowest in six months on bargain-buying, although pressure from newly-harvested supplies capped gains. Soybeans and corn ticked lower on forecasts of improved U.S. Midwest weather for crops, which have suffered from intense heat in recent weeks. FUNDAMENTALS.
Canada's Nutrien Ltd (NTR) beat second-quarter profit estimates on Wednesday, fueled by soaring prices of crop nutrients which more than offset higher natural gas costs and lower sales volumes. However, the world's largest fertilizer producer lowered its full-year adjusted profit forecast as it expects higher natural gas costs to hurt its nitrogen business.
- Canada's Nutrien Ltd (NTR) beat second-quarter profit estimates on Wednesday, fueled by soaring prices of crop nutrients which more than offset higher natural gas costs and lower sales volumes. However, the world's largest fertilizer producer lowered its full-year adjusted profit forecast as it expects higher natural gas costs to hurt its nitrogen business.
Euronext wheat prices fell on Wednesday in step with Chicago futures as progress in resuming maritime grain exports from war-torn Ukraine offset support from brisk international demand, traders said. December milling wheat on Paris-based Euronext settled down 1.1% at 323.00 euros a tonne.
Transport authorities have allowed a ship Ukraine accuses of carrying stolen grain to depart Lebanon despite the Ukrainian embassy asking Beirut to reopen a probe into the matter after presenting what it said was new evidence. Lebanese Transport Minister Ali Hamie told Reuters on Wednesday afternoon that port authorities in the northern city of Tripoli had cleared the ship to depart.
Lebanon's Tripoli port authorised the departure of a Syrian ship carrying grain suspected to have been stolen from Ukraine and which had docked in the port city a week ago, Lebanon's transport minister said in a tweet. Ali Hamie said the Laodicea, a ship blacklisted by the United States in 2015 for its role in the Syrian conflict, would be allowed to travel onto Syria.
The London insurance sector is preparing to cover Ukrainian grains and fertiliser shipments through a secure corridor, voyages that may need up to $50 million of insurance cover per cargo, industry sources involved said on Wednesday. London's marine insurance market has placed the Black Sea region on its high-risk list and insurance costs have soared.
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