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Barrick Mining Non-GAAP EPS of $0.82 beats by $0.03, revenue of $5.07B misses by $60M

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Baltic routes, importer shifts and El Niño test grain markets

Black Sea flows remain minimal The Black Sea picture is stark. Vessels sit at anchor offshore, waiting to enter the Danube to load, and the backlog is large.

  • Russian wheat exports to Baltic ports approaching September records
  • Non-seaborne exports now handling 1 million tonnes/month
  • El Niño competition from Southern Hemisphere wheat supplies

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