Reading Time: 2 minutes Ankara | Reuters — Ankara’s military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday. Russia’s TASS agency confirmed plans for the talks, citing Kremlin spokesman Dmitry Peskov. Russia’s Feb. 24 invasion of Ukraine […] Read more
Turkish team to discuss Black Sea grain corridor in Russia this week
Turkey proposes to monitor safe passage
Turkey says Ukraine grain ships could avoid mines
Russia offers safe passage
Reading Time: 2 minutes Ankara/United Nations | Reuters — Russia on Wednesday said it has offered “safe passage” for Ukraine grain shipments from Black Sea ports but is not responsible for establishing the corridors and Turkey suggested that ships could be guided around sea mines. Ukrainian grain shipments have stalled since Russia’s invasion and ports blockade, stoking global prices […] Read more
June USDA report includes few changes or surprises
U.S. corn, soybean carryout projections down from May's
Reading Time: 2 minutes MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop […] Read more
Nutrien to further boost potash output amid global shortage
Company will also speed up nitrogen capacity boosts
Reading Time: < 1 minute Reuters — Nutrien, the world’s largest fertilizer producer, said Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage. Potash prices have soared since the West imposed sanctions against Russia for Moscow’s […] Read more
CBOT weekly outlook: Soy prices rise, yields may follow suit
Reading Time: 2 minutes MarketsFarm — Soybeans were the high-rising crop on the Chicago Board of Trade (CBOT) for the week ended Wednesday, two days before the U.S. Department of Agriculture’s monthly world agriculture supply/demand estimates (WASDE) are released. Old- and new-crop soybeans all rose in tandem during the week, but while old-crop contracts are rising in price due […] Read more
Russian attack destroys warehouses of major Ukrainian port terminal, owner says
Reading Time: 2 minutes Kyiv | Reuters — Russian shelling destroyed the warehouses of one of Ukraine’s largest agricultural commodities terminals in the Black Sea port of Mykolaiv over the weekend, authorities and the facility’s owner said Tuesday. The attack came at a time Turkey is trying to develop a U.N.-backed plan to start grain exports from Ukraine’s ports, […] Read more
Watching a new world order unfold
How much damage is 2022 doing to global supply chains for equipment manufacturers?
Reading Time: 6 minutes I remember watching the start of the 1970s BBC series The World at War. The screen showed the wreckage of a French village. Over it, Lawrence Olivier entoned, “Down this road in 1944, the soldiers came. When they left, a community which had lived for a thousand years was dead.” If such a documentary was […] Read more
Ukraine not ready to export grain via Belarus, Zelenskiy says
Reading Time: < 1 minute Kyiv | Reuters — Ukraine is not ready to agree to a plan to export its grain by rail across Belarus for shipment via the Baltic Sea to bypass Russia’s blockade of its Black Sea ports, President Volodymyr Zelenskiy said on Monday. Zelenskiy told a news conference in the capital Kyiv that there could be […] Read more
Ukraine envoy says Turkey among destinations of grain stolen by Russia
Reading Time: < 1 minute Ankara | Reuters — Kyiv’s ambassador to Ankara said on Friday Turkish buyers were among those receiving grain that Russia stole from Ukraine, adding he has sought Turkey’s help to identify and capture individuals responsible for the shipments. Russia and Ukraine account for nearly a third of global wheat supplies, while Russia also heavily exports […] Read more
U.N. aid chief in Moscow to discuss Ukraine grain exports
Russia says will guarantee grain vessels' safety
Reading Time: 2 minutes Reuters — U.N. aid chief Martin Griffiths is in Moscow on Thursday and Friday to discuss clearing the way for exports of grain and other food from Ukraine’s Black Sea ports, a U.N. spokesperson said. Griffiths will meet Russian officials days after another senior U.N. official, Rebecca Grynspan, had “constructive” talks in Moscow with Russian […] Read more
A message from April Stewart, Country Guide's Associate Editor
