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: Soymeal touches highest since 2014
Spec buying, Argentina weather lifts meal futures; CBOT March corn, wheat, soybeans also up
Chicago | Reuters — U.S. soymeal futures hit their highest in almost nine years on Monday on speculative buying and uncertainty about crop prospects in Argentina, despite recent rains, analysts said. Surging soymeal values lifted soybean futures, while corn and wheat rose on worries about the future of Ukraine’s safe shipping channel for grain exports. […] Read more
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
ICE weekly outlook: Choppy trading for canola, other oilseeds
Signals not pointing to course change for now
MarketsFarm — Expect canola and other oilseed markets to remain choppy for the time being, according to trader Ken Ball of PI Financial in Winnipeg. “All of the markets are very choppy and erratic. They’re very nervous markets,” Ball emphasized, noting war in Ukraine and drought in Argentina are having some of the biggest impacts […] 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
From the best to the worst, it’s the year told in verse
It’s a year-end tradition done with contrition, a light-hearted review for you to go through
Reading Time: 3 minutes As longtime readers know, what we do each year first isReview the one that’s just past, but do it in doggerel (bad verses)A look back to review things is usually a good practice gainfulBut this year it’s one that feels kind of painfulUps and downs for farmers here seem only a piffleCompared to those in […] 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
Report from Ukraine: Watermelons and raccoons — there’s still laughter amidst the tears
The people of Ukraine are coping with adversity any way they can as winter’s grip deepens
Reading Time: 4 minutes I can imagine how Canadians feel when they watch news from Ukraine. Not long ago, we in Ukraine watched reports from Iraq and Syria, and it seemed to us like a broadcast from another planet — a planet of cruelty and destruction. Now we live on this planet. To maintain a healthy mind, we have […] Read more
Corteva cuts U.S. jobs while exiting Russia
California plant produces seed for sunflower growers
Chicago | Reuters — Seeds and pesticides company Corteva will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe […] Read more
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