United Nations | Reuters – The United States has been told that Russia is prepared to return to talks on a deal that had allowed the safe Black Sea export of Ukraine grain, but “we haven’t seen any evidence of that yet,” the U.S. envoy to the United Nations said on Tuesday. Russia quit the […] Read more
Russia could be ready for Black Sea grain deal talks, but no evidence yet: US
U.S. Ambassador to the U.N. said Russia has to return to Black Sea deal to market fertilizer, make agriculture transactions
Ukraine says Russia threatened civilian vessels in second week without grain deal
Ukraine has harvested 11.2 million tons of its 2023 grain crop
Kyiv | Reuters – A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black Sea, and urged the international community to condemn what he said were “the methods of terrorists”. Russia last week quit a U.N.-brokered deal allowing Ukraine, a major global grain producer, to safely export its grain via […] Read more
Russia attacks Ukraine’s vital Danube grain export route
Ukrainian foreign minister calls for global response to 'food terrorism'
Kyiv | Reuters – Russia destroyed Ukrainian grain warehouses on the Danube River in a drone attack on Monday, targeting a vital export route for Kyiv in an expanding air campaign that Moscow began last week after pulling out of the Black Sea grain deal. Last week’s attacks mostly struck the sea ports of Odesa […] Read more
Rain in China’s northeast brings relief for corn, drought risk remains
An oversupply of hogs, weak demand are pressuring pork prices
Beijing | Reuters – Recent rainfall in China’s northeastern breadbasket has relieved drought across most of the region, an agriculture ministry official said Friday, but risks remain with the El Nino weather pattern potentially bringing more extreme weather this summer. China is the world’s second-biggest corn producer and about 40 per cent of its crop […] Read more
Black Sea grain deal expires after Russia quits
United Nations says the move would "strike a blow to people in need everywhere"
United Nations/Moscow | Reuters – A deal allowing the safe Black Sea export of Ukraine’s grain for the past year expired on Monday after Russia quit and warned it could not guarantee the safety of ships in a move the United Nations said would “strike a blow to people in need everywhere.” Moscow suggested that […] Read more
There’s solid global demand for canola and good-quality wheat
Lock in canola basis at seeding and keep an eye on the American wheat harvest, advises market analyst
Reading Time: 2 minutes Increasing demand for canola means opportunities for growers, says market analyst Chuck Penner. “Even if canola supply is flat — consumption, crush and exports are up,” Penner said. “That’s a bullish situation.” Japan was the biggest importer of Canadian canola this year, even though China has been the dominant market the past few years, he […] Read more
Global markets: U.S. jobless claims rise
CNS Canada — The following is a glance at the news moving markets globally. EGYPT EXPECTED TO IMPORT A WIDER VARIETY OF FOOD — Despite currency issues that have put a damper on imports and created difficulty for small and medium sized businesses in the country, Egypt has said it will be importing a wider […] Read more
Global Markets: Canadian economy grows for third month
By Commodity News Service Canada WINNIPEG, October 30 – The following is a glance at the news moving markets globally. CANADIAN ECONOMY GROWS FOR THIRD MONTH IN A ROW Canada’s economy grew 0.1 per cent in August, for the third consecutive month, Statistics Canada said in a report on Friday. In June the economy rose […] Read more
Global Markets: US GDP hits the brakes
WINNIPEG, October 29 – The following is a glance at the news moving markets globally. US GDP GROWTH SLOWED IN THIRD-QUARTER Economic growth in the US halted sharply in the third-quarter, according to data released by the country’s Commerce Department. Gross domestic product increased at a 1.5 per cent annual rate, compared with 3.9 per […] Read more
Global Markets: US Fed decision to be announced
By Commodity News Service Canada WINNIPEG, October 28 – The following is a glance at the news moving markets globally. ALBERTA GOVERNMENT HOPES SPENDING WILL STIMULATE ECONOMY Alberta Finance Minister Joe Ceci said Tuesday that the NDP government will be using spending stimulus to boost the economy. The province faces a record C$6.1 billion deficit. […] Read more
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