US and European wheat futures rose on Thursday May 29 amid technical buying while market participants shrugged off projections of robust crops in Russia, India and the EU.

Russia’s wheat export volumes from Black Sea ports totaled 169,850 tonnes in the week ended Wednesday May 21, compared with 355,375 tonnes loaded in the previous week, according to Fastmarkets analytics data published on Thursday May 22.

European imports of pipeline natural gas from Russia via Ukraine have ended, putting the region’s metals smelters and refineries on alert for potential hikes in operational costs.

In the 2023/24 marketing year, Russian wheat exports surpassed 55.4 million tonnes, driven by increased harvests and competitive prices, although restrained by government-mandated floor prices and shifting dynamics among exporters.

Fastmarkets confirms the amendment of five of its steel products assessments and steel billet index originated from the Black Sea.

Russian brands of metal produced after Saturday April 13 can no longer be delivered to the London Metal Exchange or CME Group following the imposition of new sanctions by the UK and the US

Chinese softwood lumber imports increased 9% in the first quarter compared to the same three months in 2022

Lasse Sinikallas, our director of macroeconomics, shares his analysis on whether Europe’s reliance on Russian energy resources 12 months on

The latest round of EU sanctions are having an impact on recycled containerboard and unbleached kraftliner prices

A review by Patrick Cavanagh as he takes a deep dive into the specific impacts of the war on wood pulp markets and revisits initial predictions