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Black Sea Grains: Physical grains market shaken by plunge in crude oil prices

January 25, 2016 (4:49 mins)

The recent crude oil price dip below the $27/barrel mark has had a knock on effect on a whole range of factors within the grains market. Currencies were shaken and Russian government could consider imposing new regulatory changes. On top of that, the slow demand and low freight market, is driving down prices all over the world. Tim Worledge, editorial director for pricing, and Andrei Agapi, Europe and Black Sea grains editor, take a look at recent events and how they have combined with the macroeconomic picture to get to where we are today.

The following Platts assessments were discussed in this podcast:
Price Date
FOB Black Sea wheat (Russia, 12.5%) $179/mt 01/22/2016
US Dollar–Ruble 78.371 01/22/2016
Dated Brent $30.21/b 01/22/2016

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Platts Daily Grains

Platts Daily Grains is a market report that provides you with the latest price assessments, analysis and news for the Black Sea corn and wheat market. The report also features a 'heards' section which includes any bids, offers and trades that have taken place in the market on the day of publication. Platts publishes 4 price assessments in the report including FOB Black Sea Wheat, FOB Azov Sea Wheat, FOB Black Sea Corn and CIF Marmara Wheat.

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