Paris/Chicago | Reuters – Wheat futures plummeted from Chicago to Europe on Wednesday after Russia said it would resume its participation in a deal to export grain from war-torn Ukraine, a reversal of its weekend decision to pull out of the deal in a move that had sent wheat futures surging higher. Corn followed wheat lower on the Black Sea […] Read more
U.S. grains: Wheat slumps as Russia says it will resume Black Sea grain deal
ICE weekly outlook: Watch for canola to climb higher
MarketsFarm – There’s the possibility of the nearby January canola contract reaching upwards to C$1,000 per tonne, according Winnipeg-based analyst Wayne Palmer of Exceed Grain. “I think you got canola somewhere in the winter months maybe trading close to $1,000 again in January,” he said. Palmer placed his suggestion on the sharp upticks that soyoil […] Read more
CBOT weekly outlook: Russian flip-flop upsets markets, little change after Fed announcement
MarketsFarm – A pair of announcements affected the Chicago Board of Trade by different magnitudes on Nov. 2. Four days after Russian officials said the country was pulling out of an agreement to allow Ukrainian grain shipments on the Black Sea, the Russian government announced on Nov. 2 it changed its mind and will re-enter […] Read more
Ukraine grain export deal back on as Russia resumes participation
Ankara/Kyiv | Reuters – Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing a move that world leaders had said threatened to exacerbate global hunger. Moscow announced the sudden reversal after Turkey and the United Nations helped keep Ukrainian grain flowing for several days […] Read more
U.S. grains: Soybeans climb on short-covering; wheat, corn also higher
Chicago | Reuters – U.S. soybean futures rose about 2 per cent on Tuesday, buoyed by short-covering as the U.S. harvest winds down, hopes for export sales to China and uncertainty about the availability of South American supplies, traders said. Wheat futures turned higher, rallying from early declines as traders focused on uncertainty about grain shipments from […] Read more
U.S. grains: Wheat up 6 per cent after Russia quits Black Sea pact; corn, soy firm
Chicago | Reuters – U.S. wheat futures jumped 6 per cent, hitting a two-week high, and corn rose more than 1 per cent on Monday as Russia’s withdrawal from a Black Sea export agreement raised concerns over global supplies. Soybeans followed the trend, with the most-active January SF3 contract setting a one-month top. As of 1:08 p.m. […] Read more
Webinar reveals thoughts on present, future of organic markets
MarketsFarm – Ten representatives from companies buying or producing organic crops took part in a webinar discussing the markets for those crops hosted by SaskOrganics on Oct. 27. The marketing webinars, which are held bi-annually before spring seeding and after harvest, are designed to connect organic grain buyers and producers as well as provide information […] Read more
Trucker blockades in Brazil increase in wake of Bolsonaro election loss
Sao Paulo | Reuters – Truckers who support Brazil’s outgoing President Jair Bolsonaro escalated their protests on Monday, blocking roads in 16 states in an action that could affect agricultural exports in one of the world’s top food producers. Bolsonaro lost Sunday’s election to leftist former President Luiz Inacio Lula da Silva, but has yet to concede […] Read more
U.N.’s Black Sea grain deal continues without Russia
London | Reuters – Grain was flowing out of Ukraine at a record pace on Monday under an initiative led by the United Nations aimed at easing global food shortages despite Russia’s decision to suspend its participation in the scheme. Russia said on Saturday it was pulling out of the deal, which ensured safe passage […] Read more
U.S. grains: Corn sags on firm dollar, concerns over U.S. export demand
Chicago | Reuters – Chicago Board of Trade corn futures ended lower on Friday on worries about slowing U.S. export sales, while wheat futures sagged as rains benefited growing areas in the country’s southern Plains, analysts said. A stronger dollar added to concerns about corn export demand, analysts said, after the U.S. Department of Agriculture reported lower-than-expected […] Read more
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