IDAHO WHEAT COMMISSION

News

Grain Market Review: Wheat

The renewal of the Black Sea Grain Initiative, which allows exports from Ukraine by ship, added to the bearish tone in wheat markets in recent weeks. The deal, due to expire May 18, was extended for two months, in an agreement announced the previous day. United Nations Secretary-General António Guterres announced the agreement at the UN daily press briefing in New York, New York, US, describing it as “good news for the world.” “I hope we will reach a comprehensive agreement to improve, expand and extend the initiative,” he added.  

Read more about the grain market here