Commodities
Home›Commodities›Agriculture›War-linked attacks threaten Black Sea grain shipments
War-linked attacks threaten Black Sea grain shipments
The International Grains Council forecasts Russia’s 2026-27 total grain crop at 127.1 million tonnes, down from 129.9 million the prior year, while Ukraine’s rises to 64.4 million.
Russia and Ukraine, major global grain producers, have continued exporting through the war, but Ukrainian trade has been hit by attacks on infrastructure and Ukraine has increased strikes on Russian shipping, disrupting Black Sea grain flows. In its June 25 Grain Market Report, the International Grains Council projected Russia’s total grains crop for 2026-27 at 127.1 million tonnes, down from 129.9 million in the prior year. Ukraine’s crop is forecast to increase to 64.4 million tonnes from 62.9 million, with wheat expected at 89.0 million tonnes for Russia and 26.1 million for Ukraine. The IGC also forecast output by crop, including Russia’s maize at 15.2 million tonnes and Ukraine’s at 32.0 million, and Russia’s barley at 18.1 million tonnes versus Ukraine’s 5.4 million. It expects oats to be 3.0 million tonnes in Russia and 400,000 in Ukraine, and it estimated the 2026-27 total grain export outlook at 53.5 million tonnes for Russia and 41.9 million for Ukraine. The report said Russia is set to remain the world’s largest exporter if there are no major conflict-related disruptions, supported in part by a softer rouble and an improved production outlook. However, Reuters reported June 8 that rising Russian attacks on Ukrainian seaports and vessels could cut monthly grain shipments by as much as one third, with terminal operators facing losses they say they cannot cover alone.
Latest closeWheat $629.25 ▼2.0%