Reading Time: < 1 minute Reuters – Mosaic Co MOS.N said on Monday it expects tight grain and oilseed markets into 2023, encouraging the continued use of fertilizers despite their surging costs. “The war in Ukraine, high temperatures in North America and Europe, and developing drought conditions in parts of South America highlight the risk for reduced yields globally,” Mosaic said. […] Read more
Mosaic sees fertilizer demand supported by tight crop supplies into 2023
Russian strikes kill Ukrainian grain tycoon; drone hits Russian naval base
Reading Time: 4 minutes Kyiv | Reuters – Russian missiles pounded the southern Ukrainian port city of Mykolaiv on Sunday, killing the owner of a major grain exporter, while a drone strike on Russia’s Black Sea naval base in Sevastopol was launched from within the city in a “terrorist attack,” a Russian lawmaker said. Oleksiy Vadatursky, founder and owner […] Read more
Ukraine grain export coordination centre opens in Istanbul
Reading Time: 3 minutes Istanbul | Reuters – Turkish Defence Minister Hulusi Akar on Wednesday unveiled a centre in Istanbul to oversee the export of Ukrainian grains after a landmark U.N. deal last week, with the first shipment expected to depart from Black Sea ports within days. Russia and Ukraine signed the deal, brokered by Ankara and the United […] Read more
As grain prices fall, food prices to ease first in developing world -U.S. official
Reading Time: < 1 minute Sao Paulo | Reuters – Seth Meyer, chief economist at the United States Department of Agriculture, said on Tuesday weaker commodities prices will take longer to ease food inflation in the United States than in the developing world. Some of the world’s poorest nations were hardest hit by a spike in corn and wheat prices after Russia’s […] Read more
U.S. grains: Wheat firms after Russian strike threatens Ukraine export deal
Reading Time: 2 minutes Chicago | Reuters – Wheat prices rallied on Monday after a Russian missile strike on the Ukrainian port of Odesa over the weekend raised doubts about implementation of last week’s agreement to open a corridor for grain exports from Ukraine. Soybean and corn futures followed wheat, supported by forecasts for hot, dry weather across parts […] Read more
Direct compensation for fertilizer tariffs not on table
Eastern farm groups call for help ahead of fall seeding
Reading Time: 3 minutes Farmers in Eastern Canada who rely on imports of Russian-made fertilizers aren’t going to see direct compensation for the federal government’s general tariff on those products. A clutch of farmer and ag industry groups on July 15 put forward a new request to Ottawa for compensation to farmers “negatively impacted” by a 35 per cent […] Read more
Outraged by strike on Odesa, Ukraine still prepares to resume grain exports
Accord had sought to avert major global food crisis; attack shows Moscow can't be trusted on deal, Zelenskiy says
Reading Time: 3 minutes Kyiv | Reuters — Ukraine pressed ahead on Sunday with efforts to restart grain exports from Odesa and other Black Sea ports after a missile attack that cast doubt over whether Russia would honour a deal aimed at easing global food shortages caused by the war. President Volodymyr Zelenskiy denounced the strikes on Odesa as […] Read more
U.S. grains: Wheat falls six per cent on Ukraine grain export deal
CBOT corn sags, soy rallies
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell nearly six per cent on Friday to their lowest level since February after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said. Corn fell almost two per cent on the news but soybean futures closed higher, rebounding from […] Read more
Ukraine, Russia sign deal to reopen grain export ports
Russia says it 'won't take advantage' of de-mining of ports
Reading Time: 4 minutes Istanbul/Kyiv | Reuters — Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased. The accord crowned two months of talks brokered by the United Nations and Turkey, a NATO member that […] Read more
Deal to resume Ukraine Black Sea grain exports to be signed Friday
Reading Time: 2 minutes Istanbul/United Nations | Reuters — Ukraine, Russia, Turkey and U.N. Secretary-General Antonio Guterres will sign a deal on Friday to resume Ukraine’s Black Sea grain exports, Turkish President Tayyip Erdogan’s office said Thursday. Russia and Ukraine are both major global wheat suppliers, but Moscow’s Feb. 24 invasion of its neighbour has sent food prices soaring […] Read more
A message from April Stewart, Country Guide's Associate Editor
