Reuters – Russia on Saturday suspended participation in a U.N.-brokered Black Sea grain deal after what it said was a major Ukrainian drone attack on its fleet in Crimea, dealing a blow to attempts to ease the global food crisis. U.S. President Joe Biden denounced the move as “purely outrageous” and said it would increase […] Read more
Russia halts Ukraine Black Sea grain exports, Biden outraged
Crop merchant Bunge raises full-year profit outlook
Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen […] Read more
Ukraine keeps 2023 winter wheat sowing area forecast unchanged despite delays
Kyiv | Reuters – Ukraine is keeping its forecast of the winter wheat sowing area for the 2023 harvest unchanged at 3.8 million hectares despite a delay caused by unfavourable weather, deputy agriculture minister Taras Vysotskiy told Reuters on Tuesday. Ukraine sowed more than 6 million hectares of winter wheat for the 2022 harvest, but […] Read more
U.S. grains: Wheat, corn, soy end higher but below session peaks
Weaker U.S. dollar supportive
Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Friday, recovering from overnight weakness on spillover support from friendly outside markets, traders said. “Equities went from lower to sharply higher, the dollar from higher to lower, and I think that spurred some buying in grains,” said Don Roose, president of U.S. […] Read more
U.S. grains: Soy futures rally on strong exports
Chicago corn, wheat also firm
Chicago | Reuters — U.S. soybean futures rose 1.4 per cent on Thursday as strong export data buoyed hopes that overseas buyers will book more deals in coming weeks. Corn and wheat futures also were firm, with short-covering and technical buying underpinning the market after prices for both commodities dropped near the low end of […] Read more
CBOT weekly outlook: Ukraine talks, low Mississippi River pressure prices
Outside forces pile on seasonal harvest pressures
MarketsFarm — Ongoing harvests for corn, wheat and soybeans in the U.S. and a strong U.S. greenback are putting pressure on markets in the Chicago Board of Trade (CBOT). However, other factors have caused prices to come down during the week ended Tuesday. While the war in Ukraine continues to rage on, negotiations persist between […] Read more
U.S. grains: Wheat, soybeans, corn fall on demand concerns
CBOT December wheat touches four-week low
Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Tuesday on concerns that overseas buyers will turn to alternative supplies to meet their import needs, traders said. “Consistently high prices are slowly doing their job of eroding demand across the board, with Brazil in particular among a group of global players that […] Read more
Russian drones hit sunflower oil terminal, Mykolaiv mayor says
Kyiv | Reuters — Russian kamikaze drones hit tanks with sunflower oil at one of the terminals in the Ukrainian port city of Mykolaiv late on Sunday, the city mayor said on Monday. One of Ukraine’s largest ports, Mykolaiv halted shipments at the start of the Russian invasion, but Ukraine is pushing to open the […] Read more
U.S. grains: Wheat, soybean futures end firm
Chicago December corn weakens
Chicago | Reuters — U.S. wheat futures ended slightly higher on Monday but closed well off their session peaks as traders monitored developments in efforts to keep a Black Sea shipping lane open for Ukraine grain exports. Corn futures sank on seasonal harvest pressure while soybeans firmed on bullish export data, traders said. Wheat surged […] Read more
A new rural economy emerges in Ukraine
There have been creative responses to depressed grain prices but no field will go unharvested
Reading Time: 4 minutes Glacier FarmMedia – When we first heard the sounds of rocket explosions on Feb. 24, we were most alarmed. It took my entire credit card limit to fill up my car and buy a supply of groceries. At the time, I thought only a few hours remained until the end of normal life. Many Ukrainian […] Read more
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