Black Sea grain deal at risk again

Black Sea grain deal at risk again

Russia says the Black Sea grain deal may not continue beyond mid-May unless several obstacles are removed to export grain and fertilizer.

Stone X Group Chief Commodities Economist Arlan Suderman says the continued back-and-forth is likely a negotiation tactic.

“Russian grain is moving at full capacity of what its ports can handle. Fertilizer is moving as well. Sanctions have made things more difficult, but it’s moving. What it tells me is sanctions are having a serious impact on Russia’s economy.”

He says the uncertainty in the Black Sea region continues to affect U.S.