What Black Sea Peace Talks Mean for Global Wheat Buyers
StoneXBlack Sea wheat supply is still disrupted as peace talks stall, and the gap between diplomacy and continued fighting is driving grain volatility. Bertrand Oesterle, StoneX VP of Clearing & Execution Sales, explains what the peace headlines, Baltic port restrictions and European crop damage mean for wheat and oilseed buyers. International buyers are moving away from Black Sea origins, with Libya confirming French wheat purchases while Lithuania and Latvia push to close their ports to Russian grain. Euronext milling wheat volatility now sits higher than it did at the same point in 2022, and buyers are divided between covering immediately and waiting. Behind the geopolitics, French maize crop conditions have deteriorated sharply, China soybean imports slowed in August, and the USDA corn yield estimate faces a wide spread of private forecasts. Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_bertrand_oesterle&utm_content=share 00:00 - Peace Talks Grip Grain Trade 03:22 - Wheat Volatility Rivals 2022 04:08 - Baltic Ports Shut Out Russia 04:50 - One Tender Up, One Canceled 05:57 - French Maize Crop Collapses 07:56 - Planting Money Runs Short 08:51 - China Soybean Buying Slows 10:00 - USDA Yield Estimates Diverge Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social *CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk. #Wheat #StoneX #BertrandOesterle #Soybeans