Reading Time: 2 minutes United Nations | Reuters — A senior U.N. official had “constructive discussions” in Moscow with Russian First Deputy Prime Minister Andrei Belousov on facilitating Russian grain and fertilizer exports to global markets, U.N. spokesman Stephane Dujarric said on Tuesday. The U.N. official, Rebecca Grynspan, is now in Washington for talks on the same issue “with […] Read more
U.N. had ‘constructive’ talks in Moscow on Russian grain, fertilizer exports
U.S. could offer 'comfort letters' to shippers, insurers
U.S. grains: Wheat drops as Russia considers Ukrainian grain exports
Corn, soybeans also down
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures fell on Tuesday, after Russian President Vladimir Putin expressed readiness to allow blocked Ukrainian grain vessels from Black Sea ports. Corn was pressured by falling wheat, while profit-taking pulled soybeans off life-of-contract highs to finish lower. The most-active wheat contract on the Chicago Board of Trade (CBOT) fell […] Read more
Kremlin says Putin ready to facilitate grain exports via Ukraine ports
Russia says will work with Turkey
Reading Time: 2 minutes London | Reuters — President Vladimir Putin said Monday that Russia was ready to facilitate the unhindered export of grain from Ukrainian ports in co-ordination with Turkey, according to a Kremlin readout of talks with Turkish President Tayyip Erdogan. Besides the death and devastation sown by Russia’s invasion of Ukraine, the war and the West’s […] Read more
U.S. grains: Corn, soybean, wheat futures up ahead of holiday
Wheat gains as U.S. rejects easing sanctions
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Friday, supported by forecasts for rain that could slow the tail end of planting in the U.S. Midwest. Wheat futures also were higher, with traders exiting bearish positions ahead of the U.S. Memorial Day holiday weekend. U.S. markets will be closed […] Read more
Fertilizer maker Yara says world faces extreme food supply shock
Sanctions cut global fertilizer supply 15 per cent, company says
Reading Time: 2 minutes Davos, Switzerland | Reuters — Norwegian fertilizer giant Yara says donors urgently need to close the U.N.’s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilizers and Ukraine’s grain export problems have created an extreme global shock. “The world has realized that food can be a weapon and it […] Read more
U.N. chief in talks on restoring Ukraine grain exports
Contact made amid global food crisis
Reading Time: 3 minutes United Nations | Reuters — U.N. Secretary-General Antonio Guterres said on Wednesday that he is in “intense contact” with Russia, Ukraine, Turkey, the United States and the European Union in an effort to restore Ukrainian grain export as a global food crisis worsens. “I am hopeful, but there is still a way to go,” said […] Read more
U.S. grains: Wheat futures slide on Russian crop exports, U.N. grain talks
Soybeans, corn also pull back on wheat pressure, profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell sharply on Wednesday following a report about United Nations efforts to restore Ukraine grain shipments and as forecasts of ample Russian supplies added to the impact on sentiment of expectations high prices will curb demand. Corn and soybean futures also slid as falling wheat prices led profit-taking, […] Read more
Golden arches to go dark in Russia as McDonald’s exits after 30 years
Russia, Ukraine form nine per cent of chain's revenue
Reading Time: 2 minutes Reuters — McDonald’s Corp. on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years following the invasion of Ukraine. The world’s largest burger chain, which owns about 84 per cent of its nearly 850 restaurants […] Read more
Canadian millers loyal to Canadian wheat
Russian wheat is arriving in Canada as part of finished food products
Reading Time: 3 minutes Canadian millers are not importing Russian wheat, but it’s possible Russian wheat is an ingredient in some manufactured foods imported by Canada. That’s according to Canadian grain industry officials, reacting to a recent Globe and Mail story. “I wouldn’t be surprised if some of the bread we buy in Canada contains Russian wheat,” Sylvain Charlebois, director of […] Read more
Tightening supplies likely to underpin chickpea market
Reading Time: 2 minutes MarketsFarm — Tightening worldwide chickpea supplies could bode well for prices later this year, although Canadian acres will likely be down and there’s still a long growing season ahead. Canadian farmers intend to seed 175,200 acres of chickpeas in 2022, which would be down 5.5 per cent from the previous year and the smallest acreage […] Read more
A message from April Stewart, Country Guide's Associate Editor
