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.
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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.