Reading Time: < 1 minute Alberta Pork is warning its producers that feed costs could stay high throughout the year because the invasion of Ukraine by Russia has not only halted the country’s grain exports but disrupted trade patterns. “China’s need to fill the grain market void left by Ukraine is expected to push prices higher,” the organization said in […] Read more
Fallout from Russian invasion could last all year
U.S. grains: Wheat limit up to 14-year highs
CBOT May corn, soybeans down
Chicago | Reuters — U.S. wheat futures gapped higher on Monday, notching a limit-up move as it neared an all-time high on concerns that global supply shipments will be disrupted until the Russia-Ukraine conflict is resolved. European wheat has already hit record highs as deepening Western sanctions against Russia fuelled concerns about exports from the […] Read more
WFP ramps up food aid to Ukraine amid reports of severe shortages
London | Reuters — The World Food Programme said on Friday it is ramping up food aid to war-torn Ukraine, citing reports of severe shortages of food and water in Kyiv, the capital, and the northeastern city of Kharkiv. The U.N. agency said it is in the process of finding partners in Ukraine to help […] Read more
Louis Dreyfus suspends operations in Russia
Paris | Reuters — Louis Dreyfus Co., (LDC), one of the world’s largest agricultural commodity merchants, has suspended its operations in Russia, it said on Friday. LDC did not provide further details in an emailed response to a question about the impact of Russia’s invasion of Ukraine on its activities. Like other crop traders, it […] Read more
U.S. grains: Wheat extends run to 14-year high on Russia-Ukraine supply threat
U.S. studying biofuel waiver to fight food inflation
Chicago | Reuters — Chicago Board of Trade wheat futures galloped to another 14-year high on Thursday as Russia’s invasion of Ukraine increasingly fanned fears of massive disruptions to grain exports from the Black Sea region. Wheat and corn futures advanced by their daily trading limits during a volatile session, though the corn market later […] Read more
Sunflower market seeing broad strength
MarketsFarm — Sunflower seed has found itself caught up with the general strength seen in most agricultural markets, with the Russian invasion of Ukraine adding another layer of uncertainty to the market as the two countries are both major world producers. “We believe sunflowers are a very attractive option going into 2022,” said Robert Deraas, […] Read more
Ag equipment firm Buhler Industries shakes up board table
Rostselmash's Babkin steps down, founder Buhler to retire
Board oversight of Winnipeg farm equipment manufacturer Buhler Industries will now include another of the company’s upper managers, as a co-owner of the company’s Russian parent firm and the company’s founder both step down. Buhler’s board announced Wednesday it has accepted the resignation of Konstantin Babkin, the president and co-owner of Russian holding company Novoe […] Read more
U.S. grains: CBOT wheat hits 14-year peak in volatile trading
Soyoil sets record high before retreating
Chicago | Reuters — Chicago Board of Trade wheat futures rose by their daily limit to a 14-year high on Wednesday as the war in Ukraine raised major concerns about grain supplies that will be available from the Black Sea region. Corn futures reached their highest price since December 2012, when the market set an […] Read more
Bunge says sanctions may have ‘adverse effect’ on Russian operations
Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia […] Read more
Canada shuts ports to Russian ships over Ukraine invasion
Russian firms' Canadian holdings also under scrutiny, Freeland warns
Toronto | Reuters — Canada ratcheted up pressure on Russia for its invasion of Ukraine by shutting ports to Russian-owned ships and saying on Tuesday that holdings of all Russian oligarchs and companies in the country are under review. Canada has announced a slew of measures to isolate Russia, including imposing sanctions on Russian President […] Read more
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