Black Sea Trade Routes Hit Breaking Point

Black Sea grain exports face a new kind of risk as attacks on ports, tankers, and rail infrastructure make moving crops harder and costlier. Bertrand Oesterle, Vice President of Clearing and Execution Sales at StoneX, explains why logistics and freight costs, rather than raw supply, are becoming the dominant risk for agricultural markets. Oesterle works through the damage to Ukrainian port capacity, the diversion of Russian cargoes to Novorossiysk, and rail fee increases on both sides of the conflict. He also looks at whether buyers are shifting origin toward Western Europe, why prices are holding firm even with harvests well advanced, and what recent wheat and corn tenders reveal about buyer behavior. Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/a... Soaring Rail Costs Are the Hidden Threat to Black Sea Grain Flows: https://www.stonex.com/en-us/insights... 0:00 War Returns to the Black Sea 0:57 Energy Spillover Lifts Grain 2:24 Ukraine Grain Ports Under Fire 3:49 Rail Costs Reroute Grain Flows 6:28 Buyers Split on When to Buy 9:57 Harvest Pressure Goes Missing 11:51 Rapeseed Swings on War Risk Like and subscribe for more financial market insights. #StoneX #BertrandOesterle #Wheat #Grain