Reading Time: 2 minutes London | Reuters — Insurers continue to cover grain shipments from Ukraine through a United Nations-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The deal allowing the safe wartime export of Ukrainian grain from […] Read more
Insurers covering Ukraine grain corridor shipments for now
More clarity needed soon, Lloyd's exec says
U.S. pushes back against Russian demands linked to Ukraine grain deal
Russian food, fertilizer already carved out from sanctions, U.S. says
Reading Time: 2 minutes United Nations | Reuters — The United States pushed back on Russian demands that Western sanctions be eased before it allows Ukrainian Black Sea grain exports beyond mid-May, saying there were no restrictions on Russian agricultural products or fertilizer. Moscow’s demands include allowing the Russian Agricultural Bank to return to the SWIFT banking system and […] Read more
Ukraine Black Sea grain deal extended for at least 60 days
UN, Turkey not yet specifying extension's duration
Reading Time: 3 minutes Ankara/United Nations | Reuters — A deal allowing the safe Black Sea export of Ukrainian grain was renewed on Saturday for at least 60 days — half the intended period — after Russia warned any further extension beyond mid-May would depend on the removal of some Western sanctions. The pact was brokered with Russia and […] Read more
U.S. grains: Chicago grains end week higher on export demand, Black Sea jitters
Soy pushed down for fifth consecutive week
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat and corn futures posted weekly gains for the first time in five weeks, ending stronger on Friday on high demand for U.S. corn exports and market jitters over the extension of a wartime Black Sea grain deal. Chicago Board of Trade May soft red winter wheat settled up 11-1/2 […] Read more
UN backs Turkey, Ukraine in call for 120-day grain deal rollover
Text of original deal calls for 120, UN says
Reading Time: 2 minutes United Nations | Reuters — The United Nations backed Turkey and Ukraine on Thursday by calling for a 120-day rollover of an agreement allowing the safe export of grain from several Ukrainian Black Sea ports after Russia said it would only extend the pact for 60 days. The pact is due to expire on Saturday. […] Read more
U.S. grains: Wheat, corn rally from multi-month lows
Ukraine corridor talks eyed
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, rebounding from multi-month lows set last week, as Wall Street equity markets turned higher and signs of fresh grain export demand emerged, analysts said. Uncertainty about talks to extend a wartime grain export corridor from Ukraine lent support. Soybean futures posted smaller advances […] Read more
U.S. grains: Wheat slightly rebounds; corn, soy dip
Market volatility over banking sector hits grains prices
Reading Time: 2 minutes Chicago | Reuters — Chicago grains see-sawed on Monday, piggybacking on U.S. stocks that were spooked by global economic concerns after the tech-focused lender Silicon Valley Bank collapsed. The most-active corn and soybean contracts closed weaker, while wheat rebounded slightly after finishing last week at a 20-month low. Grains prices gyrated throughout the day as […] Read more
Russia suggests renewing Black Sea grain deal for shorter term
Moscow says sanctions have created barriers for its exports
Reading Time: 2 minutes Geneva | Reuters — Moscow is suggesting to renew a deal allowing the safe export of grain from Ukraine’s Black Sea ports — but only for a period of 60 days, half the term of the previous renewal, Russian Deputy Foreign Minister Sergei Vershinin said on Monday. Vershinin’s statement came after talks with U.N. officials […] Read more
U.S. grains: Wheat, corn get boost off weaker dollar after multi-month lows
Expectations grow for Black Sea deal extension
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures closed higher on Friday, boosted by a weaker U.S. dollar, after hitting a 20-month low, while corn futures rose from a seven-month low. The markets recovered after a week that saw expectations for an extended Black Sea export deal and a lower U.S. government estimate for corn export […] Read more
Morocco adjusts wheat import scheme in nod to Black Sea
Move could bump up competition among exporters
Reading Time: 2 minutes Rabat/Paris | Reuters — Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea region, an official at state grain agency ONICL said on Wednesday. The revision, also reported by traders, means that as of March importers are able […] Read more
A message from April Stewart, Country Guide's Associate Editor
