Kyiv | Reuters — Ukraine pressed ahead on Sunday with efforts to restart grain exports from Odesa and other Black Sea ports after a missile attack that cast doubt over whether Russia would honour a deal aimed at easing global food shortages caused by the war. President Volodymyr Zelenskiy denounced the strikes on Odesa as […] Read more
Outraged by strike on Odesa, Ukraine still prepares to resume grain exports
Accord had sought to avert major global food crisis; attack shows Moscow can't be trusted on deal, Zelenskiy says
U.S. grains: Wheat falls six per cent on Ukraine grain export deal
CBOT corn sags, soy rallies
Chicago | Reuters — U.S. wheat futures fell nearly six per cent on Friday to their lowest level since February after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said. Corn fell almost two per cent on the news but soybean futures closed higher, rebounding from […] Read more
Ukraine, Russia sign deal to reopen grain export ports
Russia says it 'won't take advantage' of de-mining of ports
Istanbul/Kyiv | Reuters — Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased. The accord crowned two months of talks brokered by the United Nations and Turkey, a NATO member that […] Read more
U.S. grains: Corn, soy, wheat fall on weather, Ukraine sea pact
IGC's corn outlook lower, wheat outlook up
Chicago | Reuters — U.S. corn futures fell to two-week lows and new-crop soybeans hit a six-month low on Thursday on improving crop weather in the Midwest and news of a deal to restart Ukraine’s Black Sea grain exports, traders said. Wheat futures declined after choppy trade. All three markets fell to the day’s lows […] Read more
Deal to resume Ukraine Black Sea grain exports to be signed Friday
Istanbul/United Nations | Reuters — Ukraine, Russia, Turkey and U.N. Secretary-General Antonio Guterres will sign a deal on Friday to resume Ukraine’s Black Sea grain exports, Turkish President Tayyip Erdogan’s office said Thursday. Russia and Ukraine are both major global wheat suppliers, but Moscow’s Feb. 24 invasion of its neighbour has sent food prices soaring […] Read more
U.S. grains: Soy, corn futures ease on improving weather
CBOT wheat firms on export news
Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on forecasts for improving weather in the Midwest, including rains next week that should boost crop production prospects, analysts said. Wheat futures rose as traders awaited the outcome of Egyptian wheat purchase negotiations, as well as talks on a possible deal to boost […] Read more
Ukraine grain storage crisis hits home as farmers harvest new crops
Outlook bleak if sea export route not reopened soon
Khreshchate, Ukraine | Reuters — Ukrainian farmer Mykola Tereshchenko hopes to start harvesting his wheat fields this week, but the smallholder in northern Ukraine has nowhere to store the grain. His silos are still crammed full with 1,100 tonnes of grain from last year’s harvest that he can’t export due to the closure of Ukraine’s […] Read more
The world loves our wheat, but just wishes there was more of it
Global buyers deeply worried given the war in Ukraine and the low supply from Canada
Reading Time: 2 minutes ‘Holy cow, prices are high!’ That’s what some of Canada’s desperate grain customers are probably saying right now, says Todd Hames, the outgoing chair at Cereals Canada. “We have quite a few loyal customers in the world and they’re looking for Canadian wheat because of the quality and consistency of our products,” said the Alberta […] Read more
U.S. grains: CBOT wheat hits five-month low
Corn, soy firm on U.S. weather outlook
Chicago | Reuters — Chicago Board of Trade wheat futures tumbled to a five-month low on Friday, with hopes for a pick-up in exports from war-torn Ukraine threatening the recent gains made in demand for U.S. supplies, traders said. Corn futures firmed again, their seventh gain in the last eight sessions, on concerns about hot […] Read more
As Ukraine grain deal emerges, U.S. aims to ease concerns over Russia sanctions
Washington | Reuters –– The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine. Enabling those Russian exports is a key part of attempts by the United Nations and Turkish […] Read more
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