Frontrunner - 21st April 2023

<p>Wheat futures markets rose sharply earlier this week, with traders concerned over the flow of grain from the Black Sea. Prices increased by around 6%, with Russia casting doubt on its renewal of the Ukraine Black Sea export deal next month. Subject to the terms of the deal, vessels entering or exiting the Ukrainian Black Sea must be inspected. However, Russia has blocked inspections as vessels passed through Turkish waters for a second day, which has prompted Ukraine to say that the export deal is at danger of collapse. Russia warned that prospects of an extension to the deal will be low once its previous 60-day extension ends in the middle of May unless certain criteria are met in respect to Western sanctions. Russia’s Minister of Foreign Affairs, Sergey Lavrov, will meet UN representatives next week.&nbsp;</p><br><p>During current intense volatility, markets can move significantly - sometimes in a matter of minutes and outside regular hours. Our MyFarm platform is free to Frontier customers and offers 24-7 access to market information and live grain prices, as well as the option to sell grain at a time that's more convenient. Find out more:&nbsp;<a href="https://www.frontierag.co.uk/myfarminfo" rel="noopener noreferrer" target="_blank">www.frontierag.co.uk/myfarminfo</a></p><br><p>For other topical updates and advice from our experts, subscribe to our blog:&nbsp;<a href="https://www.frontierag.co.uk/blog/subscribe" rel="noopener noreferrer" target="_blank">www.frontierag.co.uk/blog/subscribe</a></p><br><p>Follow Frontier Agriculture on Twitter at&nbsp;<a href="https://open.acast.com/shows/5f157646d2d4a32aae53b3f6/episodes/www.twitter.com/FrontierAg" rel="noopener noreferrer" target="_blank">www.twitter.com/FrontierAg</a></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>