Reading Time: 2 minutes Chicago | Reuters — Chicago corn fell on Monday, pressured by uncertainty in the Black Sea region as talks of a ceasefire in Ukraine could open up the region to exports, though progress remains uncertain. Wheat eased early in the session, but returned to near even on news that Russia is suspending exports to protect […] Read more
U.S. grains: Corn eases on Ukraine ceasefire talks
Argentina restricts soymeal, soyoil exports
USDA opens inquiry into fertilizer, seed prices
Reading Time: < 1 minute Reuters — The U.S. Department of Agriculture is opening an inquiry into the impacts of concentration in the fertilizer, seed and retail markets. The inquiry stems from the Biden administration’s July 2021 executive order to promote competition across the U.S. economy, the agency said in a release Friday. Global supply chain problems and inflation have […] Read more
U.S. grains: Wheat, corn up; soy down
'Panic... seems to have subsided a bit'
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday after posting sharp declines in the previous two sessions as traders assessed the latest developments in Russia’s invasion of Ukraine that has disrupted grain shipments. Trading in wheat remained volatile as market participants wrestled with the possible extent of disruption of wheat from Ukraine and […] Read more
Bread and war: Farmers in the fight for Ukraine
Agriculture, being the most important industry in Ukraine, will play a large part in the war, a Ukrainian ag journalist writes
Reading Time: 5 minutes It is very difficult to explain what a person feels when they’re awakened at 5 a.m., when a rocket explodes near their house. That’s exactly what I experienced Feb. 24. The first thing I did was fill my car with gasoline. Then we bought a lot of products we thought we might need — medicines […] Read more
Moscow retaliates against sanctions with export bans
Reading Time: < 1 minute Reuters — Russia sought on Thursday to retaliate against Western sanctions imposed over its invasion of Ukraine by banning exports of certain goods and agricultural commodities. Exporting telecom, medical, auto, agricultural, electrical and tech equipment, as well as some forestry products, will be banned until the end of 2022. “These measures are a logical response […] Read more
Italian ministry tells firms to source durum from Canada
Reading Time: < 1 minute Rome | Reuters — In the wake of Russia’s invasion of Ukraine, Italian firms can source durum wheat from Canada, the Italian industry ministry said in a statement following meetings on Wednesday with various firms and associations. The statement added that alternative suppliers for clay, iron and sunflower seeds had not yet been found. Ukraine […] Read more
U.S. grains: Wheat futures limit down as USDA cuts exports
Corn pressured by oil prices, soybeans pare gains
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures hit their daily trading limit on the downside for the second straight day on Wednesday, as the U.S. government cut domestic wheat exports and global markets continue to be roiled by supply disruptions stemming from Russia’s invasion of Ukraine. Soybean futures turned lower after the U.S. Department of […] Read more
U.S. grains: Wheat futures down off rally
Corn firm, soybeans strong
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell Tuesday, snapping a six-session winning streak, as the market wrestled with supply upheaval caused by Russia’s invasion of fellow grain exporter Ukraine. Wheat prices hit the downside of their daily trading limits during the session but closed well above those lows after Interfax news agency said Russian […] Read more
U.S. grains: Wheat limit up to 14-year highs
CBOT May corn, soybeans down
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures gapped higher on Monday, notching a limit-up move as it neared an all-time high on concerns that global supply shipments will be disrupted until the Russia-Ukraine conflict is resolved. European wheat has already hit record highs as deepening Western sanctions against Russia fuelled concerns about exports from the […] Read more
WFP ramps up food aid to Ukraine amid reports of severe shortages
Reading Time: 2 minutes London | Reuters — The World Food Programme said on Friday it is ramping up food aid to war-torn Ukraine, citing reports of severe shortages of food and water in Kyiv, the capital, and the northeastern city of Kharkiv. The U.N. agency said it is in the process of finding partners in Ukraine to help […] Read more
A message from April Stewart, Country Guide's Associate Editor
