Black Sea Attacks Pull Feed Prices Back to May Levels

The escalation of attacks on ports and vessels since July 10 amid the Ukraine-Russia war has nearly brought grain trade in the Black Sea to a halt. This has left the feed sector, which is heavily dependent on these two countries for raw materials, in a difficult position. The industry is facing serious supply disruptions. Feed prices, which had been reduced twice since the end of May, have now reverted to May levels as vessel departures from the Black Sea have ceased. This increase highlights the direct impact of supply-side uncertainties on prices. Experts note that if geopolitical risks in the region persist, volatility in feed prices could continue, potentially creating cost pressures across a wide range, from the livestock sector to food prices. However, these assessments are seen as a reflection of the current situation. This is not investment advice.

📊 CORN — Piyasa Yorumu

▲ up · 60%

The recent attacks in the Black Sea have pulled feed prices back to May levels, heightening supply concerns and potentially supporting corn prices. While technical indicators present mixed signals, the RSI at 46 sits in neutral territory, and the price is slightly below the SMA20 and SMA50, suggesting room for an upward move in the short term. The MACD is negative but approaching its signal line, which may indicate weakening momentum. The news flow could trigger a bullish reaction by increasing the geopolitical risk premium. However, with the price needing to break above the 540 resistance zone, there is a risk that any rally remains limited.

RSI 14

46.0

MACD

-0.09

24h Δ

0.99%

📊 WHEAT — Piyasa Yorumu

▲ up · 55%

The attacks in the Black Sea have pulled feed prices back to May levels, raising concerns about wheat supply and potentially supporting prices upward. However, technical indicators show a weak outlook; the RSI is near oversold territory at 33, and the price is below both the 20-day and 50-day moving averages. The MACD is in negative territory and below the signal line, indicating that bearish momentum may continue in the short term. Despite positive news flow, the current technical structure suggests that any upside may be limited, with prices likely to consolidate in the 734-748 range. Therefore, the direction is slightly upward, but confidence levels should remain low.

RSI 14

33.3

MACD

-5.30

24h Δ

-0.68%

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