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	Alberta Farmer Expressgrain Archives - Alberta Farmer Express	</title>
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		<title>Thunder Bay grain movement stays strong through November</title>

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		https://www.albertafarmexpress.ca/daily/thunder-bay-grain-movement-stays-strong-through-november/		 </link>
		<pubDate>Mon, 09 Dec 2024 20:52:57 +0000</pubDate>
				<dc:creator><![CDATA[Phil Franz-Warkentin]]></dc:creator>
						<category><![CDATA[News]]></category>
		<category><![CDATA[grain]]></category>
		<category><![CDATA[Grain Handling]]></category>
		<category><![CDATA[potash]]></category>
		<category><![CDATA[Thunder Bay]]></category>

		<guid isPermaLink="false">https://www.albertafarmexpress.ca/daily/thunder-bay-grain-movement-stays-strong-through-november/</guid>
				<description><![CDATA[<p>The Port of Thunder Bay continued to see strong grain movement with only a month to go in the 2024 shipping season. Potash shipments are also up on the year. </p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/thunder-bay-grain-movement-stays-strong-through-november/">Thunder Bay grain movement stays strong through November</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
]]></description>
								<content:encoded><![CDATA[<p><em>Glacier FarmMedia | MarketsFarm</em> — The Port of Thunder Bay continued to see strong grain movement with only a month to go in the 2024 shipping season. Potash shipments are also up on the year.</p>
<p>Nearly 800,000 tonnes of grain moved through the port on the northern shores of Lake Superior in November, bringing the year-to-date total to 6.818 million tonnes, according to a report. That compares with 6.027 million tonnes at the same point a year ago and comes in about 500,000 tonnes above the five-year average for grain movement.</p>
<p>Potash shipments were running at their strongest level in 40 years, with 259,385 tonnes shipped in November. That brought the year-to-date total to 1.676 million tonnes up 11 per cent from 2023.</p>
<p>A total of 432 vessels have visited the port this year, which compares with 388 a year ago. There were 169 foreign ocean going ‘salties’ through November, up from 151 at the same time last year.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/thunder-bay-grain-movement-stays-strong-through-november/">Thunder Bay grain movement stays strong through November</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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		<title>Agfinity declares bankruptcy</title>

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		https://www.albertafarmexpress.ca/daily/agfinity-declares-bankruptcy/		 </link>
		<pubDate>Tue, 26 Nov 2024 21:29:53 +0000</pubDate>
				<dc:creator><![CDATA[Phil Franz-Warkentin]]></dc:creator>
						<category><![CDATA[News]]></category>
		<category><![CDATA[Agfinity]]></category>
		<category><![CDATA[bankrupt]]></category>
		<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[feed grain]]></category>
		<category><![CDATA[grain]]></category>
		<category><![CDATA[MNP]]></category>

		<guid isPermaLink="false">https://www.albertafarmexpress.ca/daily/agfinity-declares-bankruptcy/</guid>
				<description><![CDATA[<p>Agfinity Inc. officially filed for bankruptcy on Nov. 25, just over a month since the Alberta grain brokerage shut down operations and laid off employees. </p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/agfinity-declares-bankruptcy/">Agfinity declares bankruptcy</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
]]></description>
								<content:encoded><![CDATA[<p><em>Glacier FarmMedia | MarketsFarm</em> — Agfinity Inc. officially filed for bankruptcy on Nov. 25, just over a month since the <a href="https://www.agcanada.com/daily/agfinity-shuttered-new-brokerage-facing-online-questions" target="_blank" rel="noopener">Alberta grain brokerage</a> shut down operations and laid off employees.</p>
<p>The company owes $5.067 million to the 181 creditors listed in bankruptcy filings released Nov. 26. Many of the creditors are farmers who sold grain through Agfinity but were never paid. Employees out their last paycheques are also listed in the filing. Listed assets totalled $162,593.</p>
<p>MNP Ltd. has been appointed as the Licensed Insolvency Trustee. Creditors can contact MNP to complete a proof of claim prior to a meeting of creditors scheduled to take place via teleconference on Dec. 16. The meeting is a formality in the bankruptcy process, with the purpose of affirming the trustee’s appointment, appointing inspectors to the bankrupt estate and providing direction to the trustee.</p>
<p>While Agfinity had once operated as a typical grain broker — matching buyers and sellers through broker notes but never handling any money directly aside from their fee — in recent years the company began using grain purchase contracts where they took the payment from the buyer and paid the seller later. In a July blog post, Agfinity’s president Joseph Billett said the newer contracts were necessary to support cash flow due to narrow margins. However, the company was unable to generate enough trade volumes to match costs.</p>
<p>In a draft letter to be sent to creditors provided by Billett, he acknowledged mistakes made over the past year and offered “sincerest apologies for the pain and stress this situation has caused.”</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/agfinity-declares-bankruptcy/">Agfinity declares bankruptcy</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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		<title>Canadian Grain Commission releases August export report</title>

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		https://www.albertafarmexpress.ca/daily/canadian-grain-commission-releases-august-export-report/		 </link>
		<pubDate>Tue, 08 Oct 2024 20:11:37 +0000</pubDate>
				<dc:creator><![CDATA[Glen Hallick Marketsfarm]]></dc:creator>
						<category><![CDATA[Barley]]></category>
		<category><![CDATA[Canola]]></category>
		<category><![CDATA[Cereals]]></category>
		<category><![CDATA[Corn]]></category>
		<category><![CDATA[Crops]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Oats]]></category>
		<category><![CDATA[Peas]]></category>
		<category><![CDATA[Pulses]]></category>
		<category><![CDATA[Spring Wheat]]></category>
		<category><![CDATA[Winter Wheat]]></category>
		<category><![CDATA[CGC]]></category>
		<category><![CDATA[exports]]></category>
		<category><![CDATA[flaxseed]]></category>
		<category><![CDATA[grain]]></category>
		<category><![CDATA[oats]]></category>
		<category><![CDATA[Oilseeds]]></category>
		<category><![CDATA[pulses]]></category>
		<category><![CDATA[Soybeans]]></category>
		<category><![CDATA[Wheat]]></category>

		<guid isPermaLink="false">https://www.albertafarmexpress.ca/daily/canadian-grain-commission-releases-august-export-report/</guid>
				<description><![CDATA[<p>The Canadian Grain Commission's monthly report on grain exports for August 2024 - the first month of the 2024/25 marketing year. </p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/canadian-grain-commission-releases-august-export-report/">Canadian Grain Commission releases August export report</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
]]></description>
								<content:encoded><![CDATA[<p><em>Glacier FarmMedia | MarketsFarm</em> — Exports of Canadian grain for the 2024/25 marketing year were off to a good start with data from the Canadian Grain Commission showing increases for several crops. Overall, 2.79 million tonnes of bulk grain were exported from licensed facilities in August, up from 2.46 million tonnes a year ago the CGC reported on Oct. 8.</p>
<p>Canola exports in August of 956,300 tonnes were more than twice the amount the previous August. The bulk of the canola, 718,000 tonnes, was shipped to China, versus 233,300 tonnes a year ago.</p>
<p>China was also Canada’s top customer for barley, with 34,600 tonnes shipped compared to none a year ago. Total barley exports came to 46,800 tonnes compared to 8,500 the previous August.</p>
<p>Soybeans as well darted out with 65,500 tonnes exported compared to a mere 200 tonnes a year ago. Algeria was the top destination, taking in 44,000 tonnes.</p>
<p>Canada’s corn exports were 168,200 tonnes shipped versus 86,800 the previous August. Ireland was the leading importer with 121,000 tonnes compared to 42,900 the same time last year.</p>
<p>Durum exports improved to 200,500 tonnes compared to 173,900. At 72,700 tonnes, Morocco was the top buyer, upping their acquisitions from 49,100 tonnes the previous August.</p>
<p>On the flip side, there were some grains that came up short or struggled during the first month of the 2024/25 crop year.</p>
<p>Canada’s wheat exports in August tallied 1.24 million tonnes, down from nearly 1.40 million a year ago. Indonesia led purchases with 159,400 tonnes versus 97,000 the previous August. Also, Peru bought 153,000 tonnes compared to zero a year ago.</p>
<p>Oats dropped to 94,200 tonnes from 234,100 the previous August. The United States was the top destination at 66,900 tonnes, but that’s down from 164,900 a year ago. Also Chile acquired none while having imported 50,900 tonnes last August.</p>
<p>Rye exports in August came to only 2,600 tonnes versus 18,600 tonnes a year ago with all of it for both years going to the U.S.</p>
<p>Flax also dropped with 1,700 tonnes shipped abroad compared to 4,300 tonnes a year ago, with the U.S. as the primary buyer in either August.</p>
<p>Bulk Canadian pea exports tumbled to 10,900 tonnes versus 70,200 tonnes. China cut its imports to 10,600 tonnes from 39,800 and Cuba purchased zero compared to 25,000 tonnes in August 2023.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/canadian-grain-commission-releases-august-export-report/">Canadian Grain Commission releases August export report</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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		<title>Russia says grain harvest hit by Ukraine war, bad weather</title>

		<link>
		https://www.albertafarmexpress.ca/daily/russia-says-grain-harvest-hit-by-ukraine-war-bad-weather/		 </link>
		<pubDate>Mon, 07 Oct 2024 14:37:30 +0000</pubDate>
				<dc:creator><![CDATA[Gleb Bryanski, Reuters]]></dc:creator>
						<category><![CDATA[Markets]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Reuters]]></category>
		<category><![CDATA[exports]]></category>
		<category><![CDATA[grain]]></category>
		<category><![CDATA[reuters]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Uktraine]]></category>
		<category><![CDATA[Wheat]]></category>

		<guid isPermaLink="false">https://www.albertafarmexpress.ca/daily/russia-says-grain-harvest-hit-by-ukraine-war-bad-weather/</guid>
				<description><![CDATA[<p>Russia's grain harvest will be hit by the impact of Ukraine's attacks on grain-producing regions close to the border and by bad weather in many other regions.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/russia-says-grain-harvest-hit-by-ukraine-war-bad-weather/">Russia says grain harvest hit by Ukraine war, bad weather</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
]]></description>
								<content:encoded><![CDATA[<p><em>Moscow | Reuters</em> — Russia&#8217;s grain harvest will be hit by the impact of Ukraine&#8217;s attacks on grain-producing regions close to the border and by bad weather in many other regions, the RIA news agency cited Agriculture Minister Oksana Lut as saying on Monday.</p>
<p>Russia, the world&#8217;s top wheat exporter, has officially forecast this year&#8217;s grain harvest at 132 million metric tons, an 11 per cent drop from 148 million tonnes in 2023 and a 16 per cent drop from a record 158 million tonnes in 2022.</p>
<p>However, after bad weather, ranging from early spring frosts to drought and rain, hit many grain-producing regions, the forecast is set for a downward revision. The IKAR consultancy sees this year&#8217;s grain harvest at 124.5 million tonnes.</p>
<p>Concerns over Russia&#8217;s smaller-than-expected grain harvest supported international prices in recent months, with wheat reaching four-months high last week.</p>
<p>&#8220;We are currently calculating the figures, taking into account the bad weather in Siberia,&#8221; Lut was quoted by RIA Novosti as saying.</p>
<p>&#8220;And on the other hand, unfortunately, considering the inability to harvest crops in regions where a counter-terrorist operation regime has been introduced,&#8221; Lut added in a first public acknowledgment of the war&#8217;s impact on the harvest.</p>
<p>Russia introduced the regime in Kursk, as well as neighbouring Bryansk and Belgorod regions, following a major Ukrainian incursion into the Kursk region, Russia&#8217;s seventh-largest grain-producing region, on Aug. 6.</p>
<p>Both Belgorod and Bryansk regions, major grain-producing areas, have become targets of regular attacks by Ukraine&#8217;s military. Ukrainian forces still control a large swathe of the Kursk region.</p>
<p>Kursk Governor Alexei Smirnov said in September that after the attack, the harvesting of grains could not be completed on an area of 160,000 hectares. He estimated the damage from the attack at almost $1 billion.</p>
<p>Lut said the final estimate for this year&#8217;s harvest will be announced on Oct. 10. Sovecon consultancy earlier estimated that as of Oct.1, Russian farmers had harvested 111 million tonnes of grain.</p>
<p>Lut also said that winter crops sowing in many regions was difficult because of the continued drought. Sovecon consultancy said that no rains were expected in winter grain sowing areas until mid-October.</p>
<p>&#8220;The sowing is going very hard. We plan to sow 20 million hectares, as we did last year. But we are practically sowing in sand,&#8221; Interfax news agency quoted Lut as saying.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/russia-says-grain-harvest-hit-by-ukraine-war-bad-weather/">Russia says grain harvest hit by Ukraine war, bad weather</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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		<title>River level at Amazon rainforest port hits 122-year low amid drought</title>

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		https://www.albertafarmexpress.ca/daily/river-level-at-amazon-rainforest-port-hits-122-year-low-amid-drought/		 </link>
		<pubDate>Fri, 04 Oct 2024 16:52:20 +0000</pubDate>
				<dc:creator><![CDATA[Bruno Kelly, Jake Spring, Reuters]]></dc:creator>
						<category><![CDATA[News]]></category>
		<category><![CDATA[Reuters]]></category>
		<category><![CDATA[Weather]]></category>
		<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[drought]]></category>
		<category><![CDATA[grain]]></category>
		<category><![CDATA[reuters]]></category>
		<category><![CDATA[river]]></category>
		<category><![CDATA[weather]]></category>
		<category><![CDATA[weatherfarm news]]></category>

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				<description><![CDATA[<p>The river port in the Amazon rainforest's largest city of Manaus on Friday hit its lowest level since 1902, as a drought drains waterways and snarls transport of grain exports and essential supplies that are the region's lifeline.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/river-level-at-amazon-rainforest-port-hits-122-year-low-amid-drought/">River level at Amazon rainforest port hits 122-year low amid drought</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
]]></description>
								<content:encoded><![CDATA[<p><em>Brazil | Reuters </em>— The river port in the Amazon rainforest&#8217;s largest city of Manaus on Friday hit its lowest level since 1902, as a drought drains waterways and snarls transport of grain exports and essential supplies that are the region&#8217;s lifeline.</p>
<p>Below-average rainfall &#8211; even through the rainy season &#8211; has plagued the Amazon and much of South America since last year, also feeding the worst wildfires in more than a decade in Brazil and Bolivia. Researchers say climate change is the main culprit.</p>
<p>Scientists predict the Amazon region may not fully recover moisture levels until 2026.</p>
<p>Last year, the drought became a humanitarian crisis, as people reliant on rivers were stranded without food, water or medicine.</p>
<p>This year authorities are already on alert. In hard-hit Amazonas state, at least 62 municipalities are under states of emergency with more than half a million people affected, according to the state&#8217;s civil defense corps.</p>
<p>&#8220;This is now the most severe drought in over 120 years of measurement at the Port of Manaus,&#8221; said Valmir Mendonca, the port&#8217;s head of operations, who said the river level is likely to keep falling for another week or two.</p>
<p>With the region never fully recovering due to weaker-than-usual seasonal rains, many of the impacts of the drought last year look set to repeat or reach new extremes.</p>
<p>The Port of Manaus measured the Rio Negro river at 12.66 meters on Friday, according to its website, surpassing the previous all-time low recorded last year and still falling rapidly.</p>
<p>The Rio Negro is a major tributary of the Amazon River, the world&#8217;s largest river by volume. The port sits near the &#8220;meeting of the waters&#8221; where the black water of the Negro meets the sandy-colored Solimoes, which also hit a record low this week.</p>
<p>Grain shipments have been halted on the Madeira River, another tributary of the Amazon, because of low water levels, a port association said last month.</p>
<p>Researchers are once again finding the carcasses of Amazon freshwater river dolphins, which they blame on thinning waters driving the threatened species into closer contact with humans.</p>
<p>National disaster monitoring agency Cemaden has already called the drought Brazil&#8217;s worst such event since at least the 1950s.</p>
<p>The drought has also sapped hydropower plants, Brazil&#8217;s main source of electricity. Energy authorities have approved bringing back daylight savings time to conserve electricity, although the measure still requires presidential approval.</p>
<p>The extreme weather and dryness is affecting much of South America, with the Paraguay River also at an all-time low. That river starts in Brazil and flows through Paraguay and Argentina to the Atlantic.</p>
<p>The same extreme heat and dryness is helping drive surging fires in the Amazon and neighboring Pantanal, the world&#8217;s largest wetlands. Bolivia is also on track to break a record for most fires ever recorded, according to data from Brazil&#8217;s space research agency.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/river-level-at-amazon-rainforest-port-hits-122-year-low-amid-drought/">River level at Amazon rainforest port hits 122-year low amid drought</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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		<title>Louis Dreyfus first half profit drops as grain supply swells</title>

		<link>
		https://www.albertafarmexpress.ca/daily/louis-dreyfus-first-half-profit-drops-as-grain-supply-swells/		 </link>
		<pubDate>Fri, 20 Sep 2024 13:32:26 +0000</pubDate>
				<dc:creator><![CDATA[Gus Trompiz, Reuters]]></dc:creator>
						<category><![CDATA[Markets]]></category>
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		<category><![CDATA[Reuters]]></category>
		<category><![CDATA[Global trade]]></category>
		<category><![CDATA[grain]]></category>
		<category><![CDATA[Louis Dreyfus]]></category>

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				<description><![CDATA[<p>LDC, one of the world's largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/louis-dreyfus-first-half-profit-drops-as-grain-supply-swells/">Louis Dreyfus first half profit drops as grain supply swells</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
]]></description>
								<content:encoded><![CDATA[<p><em>Paris | Reuters</em>—Louis Dreyfus Company (LDC) posted higher first-half sales volumes and a drop in profit on Friday as the commodity group faced rising supply and lower prices of some major crops.</p>
<p>LDC, one of the world&#8217;s largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.</p>
<p>Net sales fell to $25.6 billion (C$34.7 billion) from $25.8 billion (C$34.0 billion) but shipped volumes rose 19.4 per cent, LDC said in a statement.</p>
<p>&#8220;Our diverse and global business activities allowed us to deliver strong results &#8230; as an overall recovery in crop sizes and ample stocks globally put pressure on prices and resulted in less volatile market dynamics,&#8221; said CEO Michael Gelchie.</p>
<p>Global prices of corn, wheat and soybeans have slipped to their lowest since 2020 amid rising supplies and signs of slowing demand from China, a turnaround from surging prices two years ago after Russia&#8217;s invasion of Ukraine.</p>
<p>ADM and Bunge both posted lower than expected second-quarter profits in July, reflecting leaner margins for oilseed crushing.</p>
<p>LDC also cited weaker processing margins in North America and slow farmer selling in Brazil.</p>
<p>Operating profits fell at LDC&#8217;s grain and oilseeds business and also at its cotton business, in the face of slow global demand, and at its sugar unit as volumes fell, it said.</p>
<p>LDC said profits improved for its coffee business due to higher volumes and better origination margins, particularly in Brazil, adding it had successfully hedged risk during volatility linked to crop setbacks and <a href="https://www.agcanada.com/daily/only-grain-ships-from-black-sea-and-for-iran-still-crossing-red-sea-analysts-say">Red Sea shipping disruption.</a></p>
<p>It did not give an outlook for its full-year.</p>
<p>LDC has partly shifted its focus towards the consumer end of the food chain to become less reliant on commodity trading. It has launched its own juice brand and established a pulses unit to support expansion into plant-based protein products.</p>
<p>The group, privately controlled by Margarita Louis-Dreyfus via family trust Akira, said it paid a $507 million dividend to shareholders during the first half.</p>
<p><em>—Reporting for Reuters by Gus Trompiz and Tassilo Hummel</em></p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/louis-dreyfus-first-half-profit-drops-as-grain-supply-swells/">Louis Dreyfus first half profit drops as grain supply swells</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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		<title>Low water on Mississippi to persist despite improved drought outlook</title>

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		https://www.albertafarmexpress.ca/daily/low-water-on-mississippi-to-persist-despite-improved-drought-outlook/		 </link>
		<pubDate>Fri, 20 Oct 2023 00:03:26 +0000</pubDate>
				<dc:creator><![CDATA[Karl Plume, GFM Network News]]></dc:creator>
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				<description><![CDATA[<p>Chicago &#124; Reuters &#8212; Low water levels on the lower Mississippi River are likely to persist through at least January despite expected above-normal precipitation across the southern U.S. this winter, forecasters with the National Oceanic Atmospheric Administration (NOAA) said on Thursday. The severe to exceptional drought choking the lower Mississippi River valley is expected to [&#8230;] <a class="read-more" href="https://www.albertafarmexpress.ca/daily/low-water-on-mississippi-to-persist-despite-improved-drought-outlook/">Read more</a></p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/low-water-on-mississippi-to-persist-despite-improved-drought-outlook/">Low water on Mississippi to persist despite improved drought outlook</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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								<content:encoded><![CDATA[<p><em>Chicago | Reuters &#8212;</em> Low water levels on the lower Mississippi River are likely to persist through at least January despite expected above-normal precipitation across the southern U.S. this winter, forecasters with the National Oceanic Atmospheric Administration (NOAA) said on Thursday.</p>
<p>The severe to exceptional drought choking the lower Mississippi River valley is expected to improve this winter as the <a href="https://www.manitobacooperator.ca/weather/understanding-el-nic3b1o-and-la-nic3b1a/" target="_blank" rel="noopener">El Nino weather pattern</a> brings better rains to the region, NOAA said in its U.S. winter weather outlook.</p>
<p>But lingering drought in the upper Midwest and forecasts for normal to below-normal precipitation across basins that supply tributaries such as the Illinois and Ohio rivers could slow the Mississippi River&#8217;s recovery.</p>
<p>Low water has slowed export-bound barge shipments of grain from the Midwest farm belt for a second straight year during the busy fall harvest season, making U.S. exports of corn and soybeans less competitive in the world market.</p>
<p>&#8220;We are expecting improving drought conditions for the lower to middle Mississippi Valley during the next few months. But for the hydrological impacts such as low river levels and low ground water levels, that will be a little slower to recover,&#8221; said Brad Pugh, operational drought lead with NOAA&#8217;s Climate Prediction Center.</p>
<p>&#8220;The hydrological impacts could linger beyond the end of January,&#8221; he said.</p>
<p>The Mississippi River fell to an all-time low on Monday at the Memphis, Tenn. river gauge, eclipsing the previous low water record set nearly a year ago, according to National Weather Service data.</p>
<p>Shallow river conditions prompted barge shippers to restrict the amount of grain they haul to avoid getting stuck in the drought-parched waterway.</p>
<p>Still, areas of the lower Mississippi River have been closed to navigation at times over the past several weeks following vessel groundings or as U.S. Army Corps of Engineers crews dredged low spots to deepen the channel.</p>
<p><strong>&#8212; Karl Plume</strong> <em>reports on agriculture and ag commodities for Reuters from Chicago</em>.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/low-water-on-mississippi-to-persist-despite-improved-drought-outlook/">Low water on Mississippi to persist despite improved drought outlook</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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				<post-id xmlns="com-wordpress:feed-additions:1">157376</post-id>	</item>
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		<title>Russia&#8217;s leverage on grain to decline, senior U.S. official says</title>

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		https://www.albertafarmexpress.ca/daily/russias-leverage-on-grain-to-decline-senior-u-s-official-says/		 </link>
		<pubDate>Thu, 21 Sep 2023 22:06:47 +0000</pubDate>
				<dc:creator><![CDATA[Daphne Psaledakis, Humeyra Pamuk, GFM Network News]]></dc:creator>
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				<description><![CDATA[<p>New York &#124; Reuters &#8212; Russia&#8217;s leverage over Ukraine&#8217;s export of grain via the Black Sea will likely erode in weeks to come as more ships are able to leave Ukrainian ports and rising costs could prompt Moscow to reconsider its abandonment of the grain deal, a senior U.S. State Department official said. James O&#8217;Brien, [&#8230;] <a class="read-more" href="https://www.albertafarmexpress.ca/daily/russias-leverage-on-grain-to-decline-senior-u-s-official-says/">Read more</a></p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/russias-leverage-on-grain-to-decline-senior-u-s-official-says/">Russia&#8217;s leverage on grain to decline, senior U.S. official says</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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								<content:encoded><![CDATA[<p><em>New York | Reuters &#8212;</em> Russia&#8217;s leverage over Ukraine&#8217;s export of grain via the Black Sea will likely erode in weeks to come as more ships are able to leave Ukrainian ports and rising costs could prompt Moscow to reconsider its abandonment of the grain deal, a senior U.S. State Department official said.</p>
<p>James O&#8217;Brien, head of the State Department Office of Sanctions Coordination, said leaders at the U.N. General Assembly this week discussed efforts to revive the deal, which Russia abandoned in July.</p>
<p>Western countries have accused Russia of using food as a weapon of war by quitting the Black Sea deal, which had helped bring down global food prices, and then carrying out repeated air strikes on Ukrainian ports and grain stores.</p>
<p>&#8220;A couple of factors are going to&#8230; affect their calculation. One is that their leverage will decline. Ukraine&#8217;s already now had a few ships leave and stay in territorial waters,&#8221; O&#8217;Brien said of Moscow&#8217;s thinking on the Black Sea Grain Initiative.</p>
<p>He said the second factor was that Russia&#8217;s pricing would be hurt by its attacks on Ukrainian ships, which leads to insurers raising rates and Moscow&#8217;s costs going up.</p>
<p>&#8220;Over the next several weeks, I think the factors that led Russia to believe it would benefit from withdrawing are going to change.&#8221;</p>
<p>Russia quit the grain deal, brokered by the U.N. and Turkey in 2022, saying that its own food and fertilizer exports, while not subject to Western sanctions, faced obstacles and that not enough Ukrainian grain was going to countries in need.</p>
<p>Ukrainian ports across the Danube River have since become a vital export corridor for Ukrainian grain, and Russia has targeted the route with regular air strikes.</p>
<p>Ukraine last month announced a &#8220;humanitarian corridor&#8221; to release ships trapped in its ports and to circumvent a de facto blockade.</p>
<p><em>&#8212; Reporting for Reuters by Daphne Psaledakis, Humeyra Pamuk and Michelle Nichols</em>.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/russias-leverage-on-grain-to-decline-senior-u-s-official-says/">Russia&#8217;s leverage on grain to decline, senior U.S. official says</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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		<title>Romania, Ukraine to work on grain import-export licensing system</title>

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		https://www.albertafarmexpress.ca/daily/romania-ukraine-to-work-on-grain-import-export-licensing-system/		 </link>
		<pubDate>Thu, 21 Sep 2023 01:17:15 +0000</pubDate>
				<dc:creator><![CDATA[Reuters, GFM Network News]]></dc:creator>
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				<description><![CDATA[<p>Bucharest &#124; Reuters &#8212; Romania will work with Ukraine over the next 30 days on a grain export control plan that will help protect Romanian farmers, Agriculture Minister Florin Barbu said on Wednesday. Romania is among five eastern European Union countries along with Bulgaria, Hungary, Poland and Slovakia that saw a surge of Ukrainian grain [&#8230;] <a class="read-more" href="https://www.albertafarmexpress.ca/daily/romania-ukraine-to-work-on-grain-import-export-licensing-system/">Read more</a></p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/romania-ukraine-to-work-on-grain-import-export-licensing-system/">Romania, Ukraine to work on grain import-export licensing system</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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								<content:encoded><![CDATA[<p><em>Bucharest | Reuters &#8212;</em> Romania will work with Ukraine over the next 30 days on a grain export control plan that will help protect Romanian farmers, Agriculture Minister Florin Barbu said on Wednesday.</p>
<p>Romania is among five eastern European Union countries along with Bulgaria, Hungary, Poland and Slovakia that saw a surge of Ukrainian grain imports after Russia invaded Ukraine. This distorted local markets and prompted farmer protests, leading the EU to approve curbs on Ukrainian grain imports &#8212; while still allowing grain transiting elsewhere &#8212; until Sept. 15.</p>
<p>Poland, Slovakia and Hungary announced their own unilateral bans <a href="https://www.agcanada.com/daily/poland-hungary-slovakia-to-continue-own-bans-on-ukraine-grain" target="_blank" rel="noopener">on Friday</a>, prompting Ukraine to <a href="https://www.agcanada.com/daily/kyiv-acts-on-compromise-plan-after-filing-wto-complaint-over-food-ban" target="_blank" rel="noopener">file a complaint</a> against the three states at the World Trade Organization.</p>
<p>Ukraine has proposed to the European Commission, the EU executive, and neighbouring countries an export control plan for four groups of crops &#8212; wheat, maize, sunflower and rapeseed &#8212; to protect local markets.</p>
<p>On Tuesday, it approved the introduction of export licences for a number of agricultural products for export to the five eastern EU states.</p>
<p>&#8220;Export licenses for Ukrainian companies will become operational in 30 days,&#8221; Romania&#8217;s Barbu said. &#8220;During this time, Romania will also create a clear import-licensing procedure for Romanian farmers and processors.&#8221;</p>
<p>Barbu added: &#8220;I am confident that this mechanism proposed by the European Commission, taken on board by Ukraine and negotiated by us in farmers&#8217; interest, will fully function.&#8221;</p>
<p>Ukraine is one of the world&#8217;s biggest grain exporters and since Russia&#8217;s invasion last year, the Romanian Black Sea port of Constanta has become Kyiv&#8217;s largest alternative export route, with grains arriving by road, rail or barge across the Danube.</p>
<p>Barbu also said Romania would only issue import licences to Romanian farmers and food processors who need to replenish stocks, not intermediaries, and that food safety inspections would be conducted on all imports.</p>
<p><em>&#8212; Reporting for Reuters by Luiza Ilie</em>.</p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/romania-ukraine-to-work-on-grain-import-export-licensing-system/">Romania, Ukraine to work on grain import-export licensing system</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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				<post-id xmlns="com-wordpress:feed-additions:1">156722</post-id>	</item>
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		<title>Poland, Hungary, Slovakia to continue own bans on Ukraine grain</title>

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		https://www.albertafarmexpress.ca/daily/poland-hungary-slovakia-to-continue-own-bans-on-ukraine-grain/		 </link>
		<pubDate>Fri, 15 Sep 2023 23:20:31 +0000</pubDate>
				<dc:creator><![CDATA[Alan Charlish, Julia Payne, GFM Network News]]></dc:creator>
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				<description><![CDATA[<p>Brussels/Warsaw &#124; Reuters &#8212; Poland, Slovakia and Hungary will impose their own restrictions on Ukrainian grain imports, the governments said on Friday, after the European Commission decided not to extend a ban affecting Ukraine&#8217;s five EU neighbours. Restrictions imposed by the European Union in May allowed Poland, Bulgaria, Hungary, Romania and Slovakia to ban domestic [&#8230;] <a class="read-more" href="https://www.albertafarmexpress.ca/daily/poland-hungary-slovakia-to-continue-own-bans-on-ukraine-grain/">Read more</a></p>
<p>The post <a href="https://www.albertafarmexpress.ca/daily/poland-hungary-slovakia-to-continue-own-bans-on-ukraine-grain/">Poland, Hungary, Slovakia to continue own bans on Ukraine grain</a> appeared first on <a href="https://www.albertafarmexpress.ca">Alberta Farmer Express</a>.</p>
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								<content:encoded><![CDATA[<p><em>Brussels/Warsaw | Reuters &#8212;</em> Poland, Slovakia and Hungary will impose their own restrictions on Ukrainian grain imports, the governments said on Friday, after the European Commission decided not to extend a ban affecting Ukraine&#8217;s five EU neighbours.</p>
<p><a href="https://www.agcanada.com/daily/deal-reached-to-resume-ukraine-grain-transit-with-five-eu-countries" target="_blank" rel="noopener">Restrictions imposed</a> by the European Union in May allowed Poland, Bulgaria, Hungary, Romania and Slovakia to ban domestic sales of Ukrainian wheat, maize, rapeseed and sunflower seeds, while permitting transit of such cargoes for export elsewhere.</p>
<p>&#8220;We will extend this ban despite their disagreement, despite the European Commission&#8217;s disagreement,&#8221; Polish PM Mateusz Morawiecki told a rally in the northeastern town of Elk. &#8220;We will do it because it is in the interest of the Polish farmer.&#8221;</p>
<p>Polish development minister Waldemar Buda said in a post on social media platform X, formerly known as Twitter, that he had signed the Polish ban regulation, which would run for an indefinite period of time from midnight.</p>
<p>Hungary imposed a national import ban on 24 Ukrainian agricultural products, including grains, vegetables, several meat products and honey, according to a government decree published on Friday.</p>
<p>Slovakia&#8217;s agriculture minister followed suit announcing its own grain ban. All three bans only apply to domestic imports and do not affect transit to onward markets.</p>
<h4>EU plea</h4>
<p>EU Trade Commissioner Valdis Dombrovskis said on Friday countries should refrain from unilateral measures against imports of Ukrainian grain. Ukraine&#8217;s President Volodymyr Zelenskiy said it would respond in a &#8220;civilized fashion&#8221; if EU members break the rules.</p>
<p>The EU created alternative land routes, so-called Solidarity Lanes, for Ukraine to use to export its grains and oilseeds after Russia, which invaded in 2022, backed out of a U.N.-brokered Black Sea grain deal in July that allowed safe passage for the cargo ships.</p>
<p>The EU Commission said existing measures would expire as originally planned on Friday after Ukraine agreed to introduce any legal measures (including, for example, an export licensing system) within 30 days to avoid grain surges.</p>
<p>&#8220;It has concluded that thanks to the work of the Coordination Platform and to the temporary measures introduced on 2 May 2023, the market distortions in the five Member States bordering Ukraine have disappeared,&#8221; the European Commission said in a statement.</p>
<p>The EU said it will refrain from imposing any restrictions as long as the effective measures by Ukraine are in place and fully working.</p>
<h4>Product glut</h4>
<p>Farmers in the five countries neighbouring Ukraine have repeatedly complained about a product glut hitting their domestic prices and pushing them toward bankruptcy.</p>
<p>The countries, except Bulgaria, had been pushing for an extension of the ban passed its Sept. 15 expiry.</p>
<p>Poland, Hungary and Slovakia previously said they may extend the restrictions unilaterally while Bulgaria on Thursday voted to scrap the curbs.</p>
<p>Romania&#8217;s government, which unlike its peers did not unilaterally enforce a ban before May, said on Friday it &#8220;regretted that a European solution to extend the ban could not be found.&#8221;</p>
<p>It added it was waiting for Ukraine to present its action plan of measures to prevent an import surge by Sept. 18 before deciding how to protect Romanian farmers.</p>
<p>Romania sees over 60 per cent of the alternate flows pass through its territory mainly via the Danube river and its farmers have threatened protests if the ban is not extended.</p>
<p>For the last year, Ukraine had been moving 60 per cent of its exports through the Solidarity Lanes and 40 per cent via the Black Sea thanks to the deal.</p>
<p>In August, about four million tonnes of Ukraine grains passed through the Solidarity Lanes of which close to 2.7 million tonnes were through the Danube. The Commission wants to increase exports through Romania further but the plan has been complicated by Russian drone attacks on Ukraine&#8217;s grain infrastructure along the Danube and near the Romanian border.</p>
<p><em>&#8212; Reporting for Reuters by Julia Payne and Alan Charlish; additional reporting by Jan Lopatka in Prague and Karol Badohal in Warsaw, Boldizsar Gyori and Krisztina Than in Budapest; and Luiza Ilie in Bucharest; writing by Nina Chestney</em>.</p>
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