Russia Restricts Shipping from Black Sea Ports Amid Safety Concerns

Shipping from Russia's shallow-water ports on the Black Sea has been restricted due to safety concerns since July 10, following drone strikes in the area. According to market sources, this measure remains in place.

The restriction affects shipping of grain, and according to Reuters, it is attributed to the drone strikes in the wider region. The exact impact on grain prices is unclear.

Average grain prices in Western Canada as of July 27 are as follows: $246.45 per metric tonne in Calgary, $238.23 in Edmonton, and $230.97 in Vancouver. Producers should check with several grain companies for the basis levels in their area, as these prices may vary.