Reading Time: 2 minutes Marketsfarm – Despite the rain the Canadian Prairies received since July 17, MarketsFarm Pro analyst Mike Jubinville pointed out that the major pulse crop areas got very little. While any precipitation has been beneficial to this year’s crops struggling with dry conditions, Jubinville said, it won’t help that much. “In terms of advancing pea and […] Read more
Pulse weekly outlook: recent rains could stabilize crops
Prices for pulses across Western Canada have been steady
EU looks to cover transport costs for Ukraine grain exports by land
About 60 per cent of Ukraine's exports were shipped via solidarity lanes when the Black Sea deal was in operation
Reading Time: 2 minutes Brussels | Reuters – The European Union is ready to export almost all of Ukraine’s farm produce via “solidarity lanes” and help cover costs after Russia withdrew from a U.N.-backed Black Sea grain deal, EU agriculture commissioner Janusz Wojciechowski said on Tuesday. Solidarity lanes are rail and road transport connections through EU member states that […] Read more
U.S. livestock: live cattle futures end mixed; feeders pressured as corn soars
Persistent poor pasture conditions pushing producers to place more cattle in feedlots: analysts
Reading Time: < 1 minute Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange Group closed mixed on Monday, with nearby contracts pressured by surging feed grain prices and bearish data in Friday’s monthly U.S. Cattle on Feed report. CME August live cattle futures LCQ3 settled down 1.275 cents at 178.750 cents per pound and most-active October LCV3 […] Read more
U.S. grains: wheat soars daily limit as Russia attacks Ukrainian grain ports
E.U. further reduces crop forecast, USDA ratings for soybean and spring wheat declines
Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures surged 8.6% on Monday, rising their daily maximum at the Chicago Board of Trade (CBOT) after Russia attacked Ukrainian ports and grain infrastructure, including the first attack on Danube River grain warehouses. The attacks targeted a vital export route for Kyiv in an expanding air campaign that Moscow began […] Read more
Russia attacks Ukraine’s vital Danube grain export route
Ukrainian foreign minister calls for global response to 'food terrorism'
Reading Time: 3 minutes Kyiv | Reuters – Russia destroyed Ukrainian grain warehouses on the Danube River in a drone attack on Monday, targeting a vital export route for Kyiv in an expanding air campaign that Moscow began last week after pulling out of the Black Sea grain deal. Last week’s attacks mostly struck the sea ports of Odesa […] Read more
U.S. Grains: wheat futures drop, corn weak, soybeans mixed
Market going "from forecast to forecast" says expert
Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures dropped 4.1 per cent on Friday, with traders locking in profits from a rally sparked by escalations in the Russia-Ukraine war that raised the prospects of export disruptions from the two key global suppliers. Corn futures also were weaker, pressured by forecasts that showed more rain and cooler temperatures in […] Read more
U.S. Livestock: cattle futures fall, supplies remain tight
USDA says farmers raising the fewest number of beef cows since 1971
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange Group live cattle futures weakened on Friday but remained near all-time highs hit a day earlier as traders squared positions ahead of key government supply reports. Traders said that the market faced pressure from profit-taking but weakness in the corn market helped limit the decline. August live cattle futures […] Read more
U.S. Livestock: cattle futures fall after hitting record high
Export sales of beef rose to 20,900 metric tons in the week ended July 13: USDA
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose to all-time highs on Thursday, with signs of strong export demand and good sales on the cash market supporting prices, traders said. But cattle prices closed lower on a round of profit-taking as traders took money off the table ahead of key government supply reports […] Read more
U.S. Grains: CBOT wheat futures dip after rally; corn, soybeans also lower
Wheat futures had risen in four of the previous five sessions
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures dipped on Thursday but remained near recent peaks as a third night of Russian attacks on Ukrainian ports renewed concerns about disruptions to exports needed to meet world demand and stave off rising food prices. Wheat futures had risen in four of the previous five […] Read more
Russia delivers Black Sea warning as Ukraine decries ‘hellish’ grain port attacks
Russian missiles strike Odesa for second night in a row
Reading Time: 4 minutes Kyiv | Reuters — Russia warned that from Thursday any ships sailing to Ukraine’s Black Sea ports would be seen as potentially carrying military cargoes, as Kyiv accused Moscow of carrying out “hellish” overnight strikes that damaged grain export infrastructure. Russia attacked the Odesa region for the second consecutive night after quitting on Monday a […] Read more
A message from April Stewart, Country Guide's Associate Editor
