Ukranian Grain - The Good News, the Not So Good News

The first shipman has been turned down by the buyer because it's not in good enough condition. This is a sort of slightly grim development, maybe not surprising to those who know anything about food stuffs. Slightly more encouraging news is the news out this morning that there is a possible ukraine counter offensive around isiem in lohansk. And if the ukranians are opening up a front there in an area that effectively the russians think they've already secured, that is also a sign that the tide is beginning to turn absolutely well.