After quite a downbeat milk market report from Chris Walkland, Becki has brought out the big guns to discuss the activity in the Black Sea region this week. With Russia suspending its agreement to allow the Ukraine to export grain, following accusations of a Ukraine drone attack on the Russian Black Sea fleet, only to then reverse the decision, resulting in clear implications for grain exports. Erik Elgersma, founder and director of Strategic Analysis Services BV and James Bolesworth, Founder and CEO at CRM AgriCommodities, join John Allen and Chris to give us a political history lesson; discussing tactics and the wider effect on milk and feed commodity markets. A must-listen episode.
After the recording of this podcast this morning Chris picked up some news from a trader that a floor in the butter market may have been reached, with Q1 prices slightly higher than yesterday. Fingers crossed and watch this space next week!