Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures rallied on Monday after a weekend attack that temporarily shut down key port for Ukrainian exports raised concerns about disruptions to grain shipments, traders said. Soybean futures dropped following rains in Argentina that alleviated concerns about crop shortfalls from that key export country. News that the […] Read more
U.S. grains: Wheat, corn up on Black Sea export concerns
Chicago January soy falls
Belarus to allow Ukraine grain transit with no preconditions, U.N. says
Belarus still wants sanctions lifted off fertilizer
Reading Time: < 1 minute United Nations | Reuters — Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow’s Feb. 24 invasion of Ukraine, said in […] Read more
U.S. grains: Wheat steadies after one-year low
Soybeans firm on China demand, Argentina drought
Reading Time: 1 minute Chicago | Reuters — Chicago wheat climbed on technical buying on Wednesday after sliding to 13-month lows earlier in the week, as global supplies weigh on U.S. markets. Soybean futures gained, underpinned by export demand optimism and dry conditions in top exporter Argentina. Corn inched higher, supported by wheat and soy despite from weaker crude […] Read more
U.S. grains: Wheat slides to 13-month low
Soybeans slip despite demand hopes
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat dropped on Monday, pressured by higher global supplies despite stronger-than-expected weekly U.S. exports, analysts said. Corn eased, pressured by lower wheat, though dry conditions in South America added support. Soybeans ended lower, underpinned by export demand and strong meal trade, though wheat weighed on the oilseed as well, traders […] Read more
Russia denies slowing inspections for Ukraine grain ships
Ukraine alleges slow pace 'probably with intent'
Reading Time: 2 minutes Ankara | Reuters — Russia’s ambassador to Turkey said on Friday that Moscow sends its representatives to more ship inspections in Istanbul per day than mandated under the Black Sea grain deal, rejecting a Ukrainian accusation that Russia is slowing down the process. Ukraine’s grain exports have proceeded more slowly since a U.N.-brokered deal was […] Read more
U.S. grains: Corn futures turn higher
CBOT wheat hits months-low on competition from Russian wheat
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade corn futures ended higher on Friday as the market continues to closely watch the weather in South America, on what turned into a relatively choppy and short trading day, analysts said. Meanwhile, wheat futures fell sharply — with the December contract hitting its lowest since Aug. 22 […] Read more
CBOT weekly outlook: Renewed agreement puts pressure on corn, wheat
Soy trade focused on Brazil's crop potential
Reading Time: 2 minutes MarketsFarm — A renewed agreement between Russia and Ukraine to allow the latter’s grain to be shipped out of the Black Sea has recently been putting pressure on corn and wheat prices at the Chicago Board of Trade (CBOT). Russia and Ukraine, with mediation from the United Nations and Turkey, agreed Nov. 17 to an […] Read more
U.S. grains: Soy firms on bargain buying but posts weekly decline
December wheat ends down, corn up
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Friday on bargain buying after a two-session slide, but still ended the week down about one per cent on uncertainty about demand from China, traders said. Wheat futures turned lower, retreating from early advances, with the benchmark December contract on the Chicago Board of Trade declining […] Read more
Black Sea grain export deal extended
Deal's terms unchanged; Moscow to still seek removal of obstacles to grain, fertilizer exports
Reading Time: 3 minutes Reuters — A deal aimed at easing global food shortages by helping Ukraine export its agricultural products from Black Sea ports was extended for four months on Thursday, though Russia said its own demands were yet to be fully addressed. The agreement, initially reached in July, created a protected transit corridor and was designed to […] Read more
U.S. grains: Wheat sags on Black Sea export deal extension
Chicago corn turns higher
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped to a 2-1/2-month low on Thursday after the United Nations announced an agreement to extend a grain corridor for exports from war-torn Ukraine. Soybean futures fell on worries about demand as top global buyer China struggles with COVID-19 lockdowns. But corn turned higher as strong weekly U.S. […] Read more
A message from April Stewart, Country Guide's Associate Editor
