Ukrainian port in Reni resumes operations

After yesterday's gains, the bulls gave up the lead yesterday. Wheat prices on Euronext ended trading with slight losses. In the USA, the start of the stock exchange went into the red. Market observers cited profit-taking as the main reason for the correction, as the situation on the Ukrainian export front remains more than tense. According to reports, there were significant delays at the Danube Delta yesterday. It is positive to report that the Hagen in Reni has resumed operations. The rockets seem to have caused less damage there than previously thought. Meanwhile, the EU announced that Ukrainian wheat could also be exported via European ports. This presents another alternative. Analysts from UkrAgroCOnsult assume that with the current conditions around 5.0 million tons of grain could leave the country.

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