Ukraine Cuts 2026/27 Farm Export Forecast to 29.6 Million Tons as Port Attacks Cripple Shipments
Updated
Updated · czapp.com · Aug 11
Ukraine Cuts 2026/27 Farm Export Forecast to 29.6 Million Tons as Port Attacks Cripple Shipments
3 articles · Updated · czapp.com · Aug 11
Summary
Ukraine lowered its 2026/27 agricultural export forecast to 29.6 million tonnes from 64.4 million, with wheat exports expected to drop by more than 50%.
Continued attacks on port infrastructure and broader disruption to Black Sea grain routes drove the cut, reinforcing concerns over global wheat availability.
CBOT wheat traded around 642.5 cents a bushel, up 0.5% on the week and on a five-session winning streak as traders also tracked attacks on grain vessels and other shipping restrictions.
Markets are now focused on the USDA's WASDE report, where analysts broadly expect tighter U.S. and global grain supplies, though recent rain has improved Australia's crop outlook.