Chicago | Reuters — U.S. wheat futures rallied 3.3 per cent to their highest in nearly two months on Wednesday as criticism by Russia of a wartime export deal for Ukrainian grain revived concerns about the movement of supplies out of the Black Sea shipment hub. Corn and soybean futures eased on a round of […] Read more
U.S. grains: Wheat rallies on new concerns about Ukraine exports
Profit-taking pressures corn, soybeans
Acute food insecurity now touching 345 million worldwide
Baghdad | Reuters — The number of people facing acute food insecurity worldwide has more than doubled to 345 million since 2019 due to the COVID-19 pandemic, conflict and climate change, the World Food Programme (WFP) said on Wednesday. Before the coronavirus crisis, 135 million suffered from acute hunger worldwide, Corinne Fleischer, the WFP’s regional […] Read more
U.N. chief seeks ‘spirit of compromise’ over Ukraine grain initiative
Deal sees 21 outbound ships so far
Lviv | Reuters — U.N. Secretary-General Antonio Guterres urged Russia and Ukraine on Thursday to show a “spirit of compromise” to ensure the continued success of a U.N. brokered deal that enabled Ukraine to resume grain exports from its Black Sea ports. Guterres said after talks in the western Ukrainian city of Lviv that 21 […] Read more
U.N. expects ‘big uptick’ in ships wanting to export Ukraine grain
United Nations | Reuters — The United Nations expects a “big uptick” in ships wanting to export Ukraine grain through the Black Sea after transit procedures were agreed and a goal of two to five million tonnes a month is “achievable,” a senior U.N. official said Wednesday. Russia, Ukraine, Turkey and the United Nations agreed […] Read more
U.S. grains: Wheat falls six per cent on Ukraine grain export deal
CBOT corn sags, soy rallies
Chicago | Reuters — U.S. wheat futures fell nearly six per cent on Friday to their lowest level since February after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said. Corn fell almost two per cent on the news but soybean futures closed higher, rebounding from […] Read more
Ukraine, Russia sign deal to reopen grain export ports
Russia says it 'won't take advantage' of de-mining of ports
Istanbul/Kyiv | Reuters — Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased. The accord crowned two months of talks brokered by the United Nations and Turkey, a NATO member that […] Read more
Deal to resume Ukraine Black Sea grain exports to be signed Friday
Istanbul/United Nations | Reuters — Ukraine, Russia, Turkey and U.N. Secretary-General Antonio Guterres will sign a deal on Friday to resume Ukraine’s Black Sea grain exports, Turkish President Tayyip Erdogan’s office said Thursday. Russia and Ukraine are both major global wheat suppliers, but Moscow’s Feb. 24 invasion of its neighbour has sent food prices soaring […] Read more
Ukraine grain storage crisis hits home as farmers harvest new crops
Outlook bleak if sea export route not reopened soon
Khreshchate, Ukraine | Reuters — Ukrainian farmer Mykola Tereshchenko hopes to start harvesting his wheat fields this week, but the smallholder in northern Ukraine has nowhere to store the grain. His silos are still crammed full with 1,100 tonnes of grain from last year’s harvest that he can’t export due to the closure of Ukraine’s […] Read more
As Ukraine grain deal emerges, U.S. aims to ease concerns over Russia sanctions
Washington | Reuters –– The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine. Enabling those Russian exports is a key part of attempts by the United Nations and Turkish […] Read more
Ukraine grain exports deal to be signed next week, Turkey says
Istanbul/United Nations | Reuters –– Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine’s Black Sea grain exports, but U.N. chief Antonio Guterres warned there was still “a long way to go” before there would be peace talks to end the war. Turkish defence minister […] Read more
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