Russia's Black Sea Port Restrictions Impact Grain Shipping

Shipping restrictions from Russia's shallow-water ports on the Black Sea have been in place since July 10 due to safety concerns stemming from drone strikes in the area, according to market sources.

The restrictions affect grain shipping, and figures from PDQ show average grain prices in Western Canada as of July 29. In Alberta, prices range from $244.50 to $263.15 per metric tonne for wheat, while barley prices are between $188.95 and $214.85 per metric tonne.

Producers are advised to check with multiple grain companies for basis levels in their area, as prices can vary. The information provided by PDQ is owned by the Alberta Wheat Commission and offers data on cash grain market prices and related statistics.