Reading Time: 5 minutes From time to time, Oleh visits the positions of troops on the front lines of war in east Ukraine. While there, he looks hopefully to the horizon. There, just one mile away, are his fields, shop and grain warehouse now occupied by Russian invaders. I will not write Oleh’s last name, nor will I show […] Read more
Farmers displaced by war wait to reclaim their fields
On the edge of the front lines, one producer waits, hoping to recover the farm just a mile away
These are anything but normal times in the markets, says analyst
There’s not one, but three, powerful new factors at play — war, tight supplies, and rising interest rates
Reading Time: 4 minutes Glacier FarmMedia – We live in strange times, says a veteran market analyst. “I look at these markets as bipolar in some cases,” said Mike Jubinville, senior analyst with MarketsFarm. “On one hand, the macroeconomics have potentially bearish demand implications as fears of a recessionary environment take hold. But on the other hand, we have […] Read more
Black Sea grain export deal extended
Deal's terms unchanged; Moscow to still seek removal of obstacles to grain, fertilizer exports
Reuters — A deal aimed at easing global food shortages by helping Ukraine export its agricultural products from Black Sea ports was extended for four months on Thursday, though Russia said its own demands were yet to be fully addressed. The agreement, initially reached in July, created a protected transit corridor and was designed to […] Read more
U.S. grains: Soybeans follow soybean oil lower
CBOT wheat, corn retreat
Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Wednesday, anchored by a profit-taking plunge in soyoil and crude oil futures, traders said. Wheat and corn futures declined on optimism about an extension of a deal to protect Black Sea exports, and as fears eased that the Ukraine war could escalate […] Read more
CBOT weekly outlook: Cordonnier sees little change in U.S. corn, soy yields
MarketsFarm — As corn and soybean harvests in the United States wrap up for 2022-23, one analyst believes there will be little change in the yields determined by the U.S. Department of Agriculture (USDA). Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. said USDA’s November call of 172.3 bushels per acre […] Read more
Reasons for optimism seen on renewal for Ukraine grain deal
Deal set to roll over on Saturday
Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more
U.S. grains: Wheat, corn up on reports of Russian missiles hitting Poland
January soybeans also close higher
Chicago | Reuters — U.S. grain futures rallied on Tuesday as reports that Russian missiles crossed into Poland raised concerns about escalating political tensions, market analysts said. A senior U.S. intelligence official said Russian missiles crossed into Poland, killing two people, the Associated Press reported. The Pentagon said it could not confirm reports that Russian […] Read more
Ukrainian farmers turn to U.N.-supplied grain sleeves for storage
'Last year's harvest still hasn't been sold'
Kyiv | Reuters — On a crisp and sunny November morning, Ukrainian farmers lined up to collect U.N.-supplied grain sleeves to store crops over winter as the country faces a significant shortage of storing capacity caused by Russian shelling. Ukraine has said it may lack up to 15 million tonnes of regular grain storage capacity […] Read more
Rollercoaster doesn’t begin to describe today’s markets
Don’t expect a return to normal anytime soon, says panel of market watchers
Reading Time: 4 minutes Supply-chain lions and interest-rate tigers and market bears, oh my! That could have been the theme for a recent webinar featuring a host of market analysts, all of whom highlighted just what a volatile time this is. “You have to figure out what is going on in this world, because so much of what is […] Read more
ICE weekly outlook: Watch for canola to climb higher
MarketsFarm – There’s the possibility of the nearby January canola contract reaching upwards to C$1,000 per tonne, according Winnipeg-based analyst Wayne Palmer of Exceed Grain. “I think you got canola somewhere in the winter months maybe trading close to $1,000 again in January,” he said. Palmer placed his suggestion on the sharp upticks that soyoil […] Read more
Cyber-Savvy Farmer
