Reading Time: 2 minutes London | Reuters – Grain was flowing out of Ukraine at a record pace on Monday under an initiative led by the United Nations aimed at easing global food shortages despite Russia’s decision to suspend its participation in the scheme. Russia said on Saturday it was pulling out of the deal, which ensured safe passage […] Read more

U.N.’s Black Sea grain deal continues without Russia

Russia halts Ukraine Black Sea grain exports, Biden outraged
Reading Time: 3 minutes Reuters – Russia on Saturday suspended participation in a U.N.-brokered Black Sea grain deal after what it said was a major Ukrainian drone attack on its fleet in Crimea, dealing a blow to attempts to ease the global food crisis. U.S. President Joe Biden denounced the move as “purely outrageous” and said it would increase […] Read more

Crop merchant Bunge raises full-year profit outlook
Reading Time: < 1 minute Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen […] Read more

Ukraine keeps 2023 winter wheat sowing area forecast unchanged despite delays
Reading Time: < 1 minute Kyiv | Reuters – Ukraine is keeping its forecast of the winter wheat sowing area for the 2023 harvest unchanged at 3.8 million hectares despite a delay caused by unfavourable weather, deputy agriculture minister Taras Vysotskiy told Reuters on Tuesday. Ukraine sowed more than 6 million hectares of winter wheat for the 2022 harvest, but […] Read more

U.S. grains: Wheat, soybeans, corn fall on demand concerns
CBOT December wheat touches four-week low
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Tuesday on concerns that overseas buyers will turn to alternative supplies to meet their import needs, traders said. “Consistently high prices are slowly doing their job of eroding demand across the board, with Brazil in particular among a group of global players that […] Read more

Russian drones hit sunflower oil terminal, Mykolaiv mayor says
Reading Time: < 1 minute Kyiv | Reuters — Russian kamikaze drones hit tanks with sunflower oil at one of the terminals in the Ukrainian port city of Mykolaiv late on Sunday, the city mayor said on Monday. One of Ukraine’s largest ports, Mykolaiv halted shipments at the start of the Russian invasion, but Ukraine is pushing to open the […] Read more

U.S. grains: Wheat, soybean futures end firm
Chicago December corn weakens
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures ended slightly higher on Monday but closed well off their session peaks as traders monitored developments in efforts to keep a Black Sea shipping lane open for Ukraine grain exports. Corn futures sank on seasonal harvest pressure while soybeans firmed on bullish export data, traders said. Wheat surged […] Read more

U.S. grains: Wheat drops on firm dollar, hopes for Black Sea talks
Lower wheat, dull demand weigh on corn, soybeans
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Friday, surrendering all the prior session’s gains on a stronger dollar and hopes of progress in negotiations to maintain a Ukrainian Black Sea grain export corridor. Corn and soybeans followed wheat lower, weighed down by lacklustre demand and pressured by lower energy and equities markets. On […] Read more

U.S. grains: Wheat rallies as Russia threatens to quit Black Sea deal
Corn, soybeans pare losses as wheat gains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rebounded on Thursday from two days of declines on concerns that a Black Sea export corridor deal may not be renewed next month, which could again disrupt grain shipments from Ukraine. Corn and soybeans pared earlier losses on spillover support from wheat and follow-through buying after the U.S. […] Read more

CBOT weekly outlook: October USDA report delivers few major changes
Soy could see 'a few more days' higher
Reading Time: 2 minutes MarketsFarm — For the most part, the latest monthly supply and demand report from the U.S. Department of Agriculture provided little in terms of major changes from its September report. USDA issued its October world agriculture supply and demand estimates (WASDE) during the late morning Wednesday, with much of the data fairly close to market […] Read more