London | Reuters — Russia’s grain harvest is set to grow by about five million tonnes a year thanks to its incorporation of four Ukrainian territories, Agriculture Minister Dmitry Patrushev said Tuesday. “Considering the arable land that exists there, I think at least five million tonnes of grain will be added to the Russian savings […] Read more
Russia says annual grain harvest to grow thanks to ‘new territories’
U.S. grains: Soybeans firm on exports, mixed harvest results
CBOT wheat eases after earlier gains; Russia's annexation plans in focus
Chicago | Reuters — Chicago soybean futures inched higher on Thursday, supported by strong export sales after lower trade much of the week as harvest progresses across the U.S. Midwest, though some farmers report lower-than-anticipated yields, analysts said. Corn and wheat eased ahead of Friday’s U.S. Department of Agriculture (USDA) quarterly U.S. grain stocks and […] Read more
CBOT weekly outlook: ‘Lots of moving parts’ in grain markets
MarketsFarm — As the U.S. dollar strengthened to levels unseen in 20 years over the past week, the prices for many commodities took a tumble, including Chicago Board of Trade (CBOT) corn, wheat and soybeans. However, other factors are in play when it comes to prices, according to one trader. “You’re coming into harvest here. […] Read more
U.S. grains: Wheat rises on short-covering, Ukraine worries
Soy turns lower; corn ends up but down off day's high
Chicago | Reuters — U.S. wheat futures rose 1.6 per cent on Tuesday as worries about escalating conflict in Ukraine and a pause in the U.S. dollar’s run-up to 20-year highs spurred a round of short-covering, traders said. Corn futures also firmed but pared gains by the close, and soybean futures turned lower on technical […] Read more
U.S. grains: Wheat reaches two-month high on Ukraine worries
Corn firm, soy eases
Chicago | Reuters — U.S. wheat futures set fresh two-month highs on Thursday, buoyed by risks of a deepening conflict in Ukraine and dry weather in crop areas of Argentina and the U.S. Plains, traders said. Commodity funds hold a net short position in Chicago Board of Trade wheat futures, leaving the market prone to […] Read more
CBOT weekly outlook: War chatter part of market chaos
Stronger U.S. dollar weighs on futures
MarketsFarm — With the daily talk about Russia’s invasion of Ukraine, Scott Capinegro, president of Barrington Commodities at Barrington, Ill., has a special term for its effects on the Chicago Board of Trade (CBOT). “I call it the Putin rally,” he quipped, referring to Russian President Vladimir Putin, but lamenting the chaos the seven-month-old war […] Read more
Bunge to sell oilseed processing business in Russia
Grain firms scaling back Russian business
Reuters — Agricultural commodities trader Bunge said Monday it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant in Voronezh. Bunge and its rivals ADM, Cargill and Louis Dreyfus — part of the so-called ABCD quartet of global […] Read more
U.S. grains: Corn, soybean futures dip on profit-taking
Chicago wheat firms
Chicago | Reuters — Chicago Board of Trade corn and soybean futures eased on Tuesday but remained near their nearly three-month highs as the government’s reduced forecasts for this year’s harvests continued to underpin prices, traders said. Wheat futures were firm, supported by uncertainty over Black Sea supplies following Russian criticism of a diplomatic deal […] Read more
U.S. working with U.N. on Russia food, fertilizer export complaints
Black Sea pact up for renewal in November
New York | Reuters — The United States is working with the United Nations to address Russian complaints that sanctions are hindering its food and fertilizer shipments, even though there has been no disruption to Moscow’s exports of the commodities, a senior U.S. official said on Friday. The United Nations, Turkey, Ukraine and Russia agreed […] Read more
U.S. grains: Corn, soy, wheat rally ahead of USDA report next week
Fresh uncertainty about Ukrainian grain exports raises concerns
Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Friday, lifted by technical buying and short covering along with spillover support from higher equities and energy markets. Wheat and corn drew additional support from a weaker dollar and concerns about continued grain shipments from Ukraine amid Russian criticism of a U.N.-brokered export […] Read more
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