Chicago | Reuters — U.S. wheat futures fell sharply on Wednesday following a report about United Nations efforts to restore Ukraine grain shipments and as forecasts of ample Russian supplies added to the impact on sentiment of expectations high prices will curb demand. Corn and soybean futures also slid as falling wheat prices led profit-taking, […] Read more
U.S. grains: Wheat futures slide on Russian crop exports, U.N. grain talks
Soybeans, corn also pull back on wheat pressure, profit-taking
Sold-out shelves are back — but now it’s vegetable oil in short supply
Global supply was tight before Ukraine invasion, and now some countries are imposing limits on shoppers
Reading Time: 4 minutes Toilet paper. Dairy products. Flour. In the early days of the pandemic, everyday staples became near-luxury items as signs went up limiting purchases to one or two per customer. Now, thanks to another global crisis disrupting supply chains, vegetable oil is getting the same treatment in some parts of the world. “There’s already a strong […] Read more
Golden arches to go dark in Russia as McDonald’s exits after 30 years
Russia, Ukraine form nine per cent of chain's revenue
Reuters — McDonald’s Corp. on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years following the invasion of Ukraine. The world’s largest burger chain, which owns about 84 per cent of its nearly 850 restaurants […] Read more
U.S. grains: Chicago wheat limit up on India’s export ban
CBOT corn, soybeans also higher
Chicago | Reuters — Chicago wheat futures hit their daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned concerns about global supplies strained by Russia’s invasion of Ukraine. The wheat rally sent spillover strength to corn futures, as global buyers, who were banking on […] Read more
U.S. grains: Supply worries, weather spur rallies
Market awaits USDA world crop report; rains delay U.S. spring wheat plantings
Chicago | Reuters — Chicago Board of Trade grain and soybean futures jumped on Wednesday, as traders uneasy about world supplies adjusted positions a day before the release of U.S. crop data. Concerns about poor global crop weather helped support gains, with MGEX spring wheat futures setting contract highs as rains prevent plantings in the […] Read more
India sells record 1.4 million tonnes of wheat in April
Sales surge on unavailability of Black Sea supplies
New Delhi | Reuters — India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. April is the first month of the fiscal year. India, the world’s second […] Read more
Trudeau pledges help for Ukraine to find options to export grain
Turkey's co-operation seen as important, Joly says
Kyiv | Reuters — Canada will help Ukraine work out options on how to export stored grain to address global food security that has been shaken by Russia’s invasion of the country, Prime Minister Justin Trudeau said late on Sunday. Nearly 25 million tonnes of grains are stuck in Ukraine, unable to leave the country […] Read more
Ukraine calls for moves to unblock ports, prevent global food crisis
Russia has mounted a blockade of Ukrainian ports
Kyiv | Reuters — Ukraine’s president called on the international community on Monday to take immediate steps to end a Russian blockade of his country’s ports to allow wheat exports and prevent a global food crisis. President Volodymyr Zelenskiy made his comments in an online post after speaking to European Council President Charles Michel, who […] Read more
Farming behind the lines: Growers in Ukraine plant amid hostilities close by
'We started the sowing campaign by removing rockets from the field'
Viktor and Sergiy Shipov are used to adversity. Viktor established a farming company in southern Ukraine 20 years ago, in the Mykolaiv Oblast, where hellish heat and lack of rainfall can make the land look like the Sahara Desert with yellow dunes. This is a corner of the classic Ukrainian steppe, where rainfall is very […] Read more
U.S. grains: Corn, soybeans ease on expected planting progress
Weather in U.S., India, France adds to Ukraine wheat supply fears
Chicago | Reuters — Chicago soybean futures fell on Monday to five-week lows as warmer U.S. weather expedited planting progress, deflating fears of added soybean acres and further cuts to corn plantings, traders said. Wheat remained underpinned by dry conditions in the U.S. and French growing belts, reinforcing global supply concerns. The most-active Chicago Board […] Read more
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