Reuters — Russia said Monday it would be “inappropriate” to extend the Black Sea grain deal unless sanctions affecting its agricultural exports are lifted and other issues are resolved. The Black Sea Grain Initiative, signed by Russia and Ukraine last July, created a safe corridor to allow grain to be exported from Ukrainian ports blockaded […] Read more
Russia says sanctions a barrier to Black Sea grain deal renewal
U.S. grains: Wheat strong on concerns about Ukraine, Russian exports
Chicago corn, soy futures rise
Chicago | Reuters — U.S. wheat futures rallied on Friday, supported by concerns the grain deal allowing for Russian and Ukraine exports from Black Sea ports could splinter amid escalations in the nearly year-long war between the two countries, traders said. Corn and soybean futures also were strong, with corn following the gains in wheat […] Read more
Price drop not enough to lift demand for Canadian flax
Russia, Kazakhstan competitive in export markets
MarketsFarm — While flax prices in Western Canada have fallen by at least half from what they were one year ago, they are still too high to be competitive on a global level, according to one flax processor. Mike Popowich, owner and vice-president of TA Foods Ltd. at Yorkton, Sask., said demand for the crop […] Read more
U.S. grains: Soybeans, corn retreat off multi-month highs
Putin's comments on exports underpin wheat
Chicago | Reuters — U.S. corn and soybean futures settled lower on Wednesday as traders booked profits after both markets set multi-month highs and as weather forecasts promised much-needed rains in Argentina’s crop belt, traders said. Wheat followed the weaker trend. Chicago Board of Trade March soybeans settled down 15-1/4 cents at $15.24-1/2 per bushel, […] Read more
CBOT weekly outlook: Soy, corn markets’ eyes on South America
Wheat market remains sensitive to Ukraine news
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade were boosted by last Thursday’s bullish supply/demand estimates from the U.S. Department of Agriculture, but attention has since shifted back to South American growing conditions. “The primary thing right now is South American weather,” said market analyst Tom Lilja of Progressive Ag at […] Read more
U.S. grains: Corn, soy up off early declines on export data
Chicago wheat follows suit
Chicago | Reuters — Chicago Board of Trade (CBOT) corn and soybean futures rallied to multi-month highs on Tuesday as signs of export demand and follow-through support from last week’s bullish U.S. government supply/demand reports overshadowed early pressure from wetter South American weather forecasts, traders said. Wheat followed the higher trend. CBOT March corn settled […] Read more
‘Everything was destroyed:’ One farmer’s tale of the Russia invasion
His farm and village are in ruins, but Yuriy Vovchenko’s focus is on somehow planting a crop next spring
Reading Time: 5 minutes EDITOR’S NOTE: this story contains graphic content. Glacier FarmMedia – Ukrainian farmer Yuriy Vovchenko survived the Russian occupation and constant shelling for eight months, but his life has changed immeasurably. I have known him for many years, and since the invasion I have wanted to phone him many times but each time I dialled, I […] Read more
McDonald’s reported set to exit Kazakhstan on Russia war spillover
Reuters — McDonald’s Corp. is set to abandon Kazakhstan as disruptions triggered by the Ukraine crisis have left the nation without a substitute for Russian meat supplies, Bloomberg News reported Wednesday, citing people familiar with the matter. The fast-food giant, which exited Russia in May, banned its local franchisee from procuring meat patties from Russian […] Read more
U.S. grains: Soybeans firm as investors track Argentine weather
Wheat, corn drift lower after multi-week highs
Chicago | Reuters — Chicago soybean futures rose on Thursday, after rallying earlier in the day to the highest price since June, as investors tracked forecasts for much-needed rain across Argentine crops and China’s dropping of strict COVID-19 measures. But the price rally was capped by investors looking to capture profits and adjust their positions […] Read more
Ship insurers to cancel war cover for Russia, Ukraine from Jan. 1
London | Reuters — Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who insure the insurers, typically renew their 12-month contracts with insurance clients on Jan. 1, giving them the first opportunity to scale […] Read more
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