Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, rebounding from multi-month lows set last week, as Wall Street equity markets turned higher and signs of fresh grain export demand emerged, analysts said. Uncertainty about talks to extend a wartime grain export corridor from Ukraine lent support. Soybean futures posted smaller advances […] Read more
U.S. grains: Wheat, corn rally from multi-month lows
Ukraine corridor talks eyed
Ukraine faces lack of herbicides, pesticides for spring seeding
About a third of needed chemicals reported to be at hand
Kyiv | Reuters — Ukrainian farmers, which have already started the 2023 spring sowing, have only around 35 per cent of the herbicides and pesticides they need, analyst APK-Inform quoted on Monday official data as showed. The Russian invasion has left Ukraine seriously short of finances, seeds and crop protection products, which could have a […] Read more
Russia suggests renewing Black Sea grain deal for shorter term
Moscow says sanctions have created barriers for its exports
Geneva | Reuters — Moscow is suggesting to renew a deal allowing the safe export of grain from Ukraine’s Black Sea ports — but only for a period of 60 days, half the term of the previous renewal, Russian Deputy Foreign Minister Sergei Vershinin said on Monday. Vershinin’s statement came after talks with U.N. officials […] Read more
USDA sees increased EU canola imports, no extra from Canada
U.S. also projects higher Canadian ending stocks
MarketsFarm — The European Union will likely import more canola (rapeseed) this year than earlier thought, but any increased movement should come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. USDA raised its forecast for European rapeseed imports during the 2022-23 marketing year by 550,000 tonnes, […] Read more
Morocco adjusts wheat import scheme in nod to Black Sea
Move could bump up competition among exporters
Rabat/Paris | Reuters — Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea region, an official at state grain agency ONICL said on Wednesday. The revision, also reported by traders, means that as of March importers are able […] Read more
Russia, U.S. bicker at UN over donating fertilizer to Syria
U.S. calls for Russia to distribute via UN
United Nations | Reuters — Russia and the United States bickered on Tuesday over whether Russian fertilizer could be donated to Syria as Moscow heightens complaints about obstacles to its fertilizer shipments before the renewal of a deal allowing Ukraine Black Sea grain exports. Some 260,000 tonnes of Russian fertilizer has been stuck in several […] Read more
The winter corn harvest symbolizes Ukrainian endurance
The challenges faced by farmers never end, but they always find a way around them
Reading Time: 4 minutes Have you ever seen combines in the middle of January going into a field? And behind them huge disc harrows? It’s no wonder that this year Ukrainian farmers use some warm days in the middle of winter to harvest corn. After almost a year of war, thousands of combine harvesters were destroyed or stolen by […] Read more
CBOT weekly outlook: Wide array of factors affecting grain prices
Corn, soy see speculative profit-taking
MarketsFarm — Recent rains in parts of South America, as well as a correction in the markets, have paused rallies in corn and soybeans on the Chicago Board of Trade (CBOT), according to one trader. Jack Scoville, vice-president of The Price Futures Group in Chicago, said that while central and southern Argentina are still mired […] Read more
U.S. grains: Wheat, corn, soy down on stronger U.S. dollar, interest rate fears
Uncertainty over Black Sea deal underpins corn, wheat
Chicago | Reuters — U.S. wheat futures fell more than two per cent on Wednesday and corn and soybeans followed the trend lower, pressured by a stronger U.S. dollar and fears of more interest rate hikes by the Federal Reserve, analysts said. Fundamental news for grains and oilseeds was thin, leaving markets stuck within recent […] Read more
CBOT weekly outlook: Values pull back from upper ranges
Early U.S. estimate of planting intentions due out next week
MarketsFarm — Despite some bullish influences, commodity prices at the Chicago Board of Trade (CBOT) were stepping back in mid-February. That movement wasn’t a surprise to Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. Prices for corn, soybeans and wheat had been at the upper end of their ranges, he said. “We are still […] Read more
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