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
U.S. grains: Wheat futures slide on Russian crop exports, U.N. grain talks
Soybeans, corn also pull back on wheat pressure, profit-taking
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
India sells record 1.4 million tonnes of wheat in April
Sales surge on unavailability of Black Sea supplies
Reading Time: 2 minutes New Delhi | Reuters — India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. April is the first month of the fiscal year. India, the world’s second […] Read more
Trudeau pledges help for Ukraine to find options to export grain
Turkey's co-operation seen as important, Joly says
Reading Time: 2 minutes Kyiv | Reuters — Canada will help Ukraine work out options on how to export stored grain to address global food security that has been shaken by Russia’s invasion of the country, Prime Minister Justin Trudeau said late on Sunday. Nearly 25 million tonnes of grains are stuck in Ukraine, unable to leave the country […] Read more
Ukraine calls for moves to unblock ports, prevent global food crisis
Russia has mounted a blockade of Ukrainian ports
Reading Time: 2 minutes Kyiv | Reuters — Ukraine’s president called on the international community on Monday to take immediate steps to end a Russian blockade of his country’s ports to allow wheat exports and prevent a global food crisis. President Volodymyr Zelenskiy made his comments in an online post after speaking to European Council President Charles Michel, who […] Read more
Farming behind the lines: Growers in Ukraine plant amid hostilities close by
'We started the sowing campaign by removing rockets from the field'
Reading Time: 4 minutes Viktor and Sergiy Shipov are used to adversity. Viktor established a farming company in southern Ukraine 20 years ago, in the Mykolaiv Oblast, where hellish heat and lack of rainfall can make the land look like the Sahara Desert with yellow dunes. This is a corner of the classic Ukrainian steppe, where rainfall is very […] Read more
Nutrien may further raise potash output as sanctions curb other supplies
Reading Time: 2 minutes Chicago | Reuters — Canada’s Nutrien, the world’s largest fertilizer company, is weighing further increases to potash production as sanctions continue to limit shipments from Russia and Belarus, interim CEO Ken Seitz said on Tuesday. Prices of crop nutrients such as potash have skyrocketed as sanctions against Russia for its invasion of Ukraine have disrupted […] Read more
CBOT weekly outlook: Traders look to skies for market guidance
Reading Time: 2 minutes MarketsFarm — Much of the focus from the Chicago Board of Trade (CBOT) for the week ended Wednesday has shifted away from besieged Ukraine — and toward areas closer to home. Prices for nearby corn and soybean contracts rose over the past week due to weather-related rallies, but wheat prices held rangebound. The U.S. northern […] Read more
A message from April Stewart, Country Guide's Associate Editor
