Reuters – Ukrainian grain exports in the first 22 days of June fell by 48 per cent from a year earlier to 907,000 tonnes, agriculture ministry data showed on Wednesday. The volumes included 803,000 tonnes of corn, 78,000 tonnes of wheat and 21,000 tonnes of barley, the data showed. Ukraine exported up to 6 million […] Read more
Ukraine grain exports 48 per cent down so far in June
U.S. grains: Wheat futures hit lowest since late March
Chicago corn, soybeans also weak
Chicago | Reuters — U.S. wheat futures sank 5.7 per cent on Tuesday to their lowest level in 2-1/2 months, pressured by early harvesting in the United States and Europe as well as fresh efforts to boost the amount of grain shipped from Ukraine. Corn futures were down three per cent as weather forecasts turned […] Read more
Turkish team to discuss Black Sea grain corridor in Russia this week
Turkey proposes to monitor safe passage
Ankara | Reuters — Ankara’s military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday. Russia’s TASS agency confirmed plans for the talks, citing Kremlin spokesman Dmitry Peskov. Russia’s Feb. 24 invasion of Ukraine […] Read more
Food crisis will drive record displacement levels higher, UN refugee chief says
Geneva | Reuters — A food security crisis stoked by the Ukraine war is set to push more people to flee their homes in poorer countries, driving record levels of global displacement even higher, the head of the U.N. refugee agency (UNHCR) said. A report by the U.N. body showed on Thursday that some 89.3 […] Read more
U.S. grains: Wheat jumps on weaker U.S. dollar
Midwest heat lifts corn, soy
Indianapolis | Reuters — Chicago Board of Trade wheat climbed on Thursday, supported by a weaker dollar and continued uncertainty as Ukraine attempts to move grain exports through the Black Sea. Corn and soybeans firmed as hot, dry weather across the U.S. Midwest threatened to stress recently-planted crops. The most-active wheat contract of the Chicago […] Read more
Turkey says Ukraine grain ships could avoid mines
Russia offers safe passage
Ankara/United Nations | Reuters — Russia on Wednesday said it has offered “safe passage” for Ukraine grain shipments from Black Sea ports but is not responsible for establishing the corridors and Turkey suggested that ships could be guided around sea mines. Ukrainian grain shipments have stalled since Russia’s invasion and ports blockade, stoking global prices […] Read more
Russia’s war may deprive world of three Ukrainian wheat harvests, minister says
'Significant' decline expected in winter wheat acres
Kyiv | Reuters — Russia’s invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine’s agriculture minister told Reuters. Ukraine, sometimes known as Europe’s breadbasket, has had its maritime grain export routes blocked by Russia and […] Read more
Biden touts grain silos on Ukraine border to help exports
Kyiv wants ports open
Reuters — U.S. President Joe Biden said Tuesday that temporary silos would be built along the border with Ukraine in a bid to help export more grain and address a growing global food crisis. Since the Russian invasion and blockade of Ukrainian Black Sea ports, grain shipments have stalled and more than 20 million tonnes […] Read more
June USDA report includes few changes or surprises
U.S. corn, soybean carryout projections down from May's
MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop […] Read more
Opinion: It’s not just oil prices — refining capacity is driving up fuel bills
Fat margins mean refineries have plenty of reasons to up production but they have limited capacity
Reading Time: 3 minutes Reuters – Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge in prices refiners receive for selling fuels compared with prices they pay for buying […] Read more
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