Reading Time: 2 minutes MarketsFarm — Severe weather in the U.S. as well as macroeconomic factors at home and abroad affected grain prices on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Jack Scoville of Price Futures Group in Chicago said wet and cool weather across the U.S. Plains, Midwest and corn belt, as well as […] Read more
CBOT weekly outlook: Weather, demand affect grain prices
Wheat 'up and down' on Black Sea uncertainty
EU plans import curbs on Ukraine grain, farmer supports for border countries
Grain would be let into five countries only for export
Reading Time: 2 minutes Brussels | Reuters — The European Union is preparing 100 million euros (C$147.4 million) in compensation for farmers in five countries bordering Ukraine and plans to introduce restrictions on imports of Ukrainian grains. Pressure has mounted on Brussels to work out a European Union-wide solution after Poland and Hungary banned some imports from Ukraine last […] Read more
Ukraine agrees with Poland on resumed grain transit
Ukraine also trying to salvage Black Sea grain deal
Reading Time: 3 minutes Warsaw | Reuters — Poland agreed on Tuesday to lift a ban on the transit of Ukrainian grain and food products, but Ukraine said a wartime deal allowing it to safely ship grain from Black Sea ports was still under threat. Failure to resume exports into eastern European countries or secure an extension of the […] Read more
Czech farmers say Ukraine imports squeezing them out of EU grain markets
Government not planning import ban
Reading Time: 2 minutes Prague | Reuters — Czech farmers have 40 per cent more grains in stock than a year ago as surging Ukrainian exports to European markets have replaced Czech exports, the country’s Agriculture Association said on Tuesday, warning of a potential squeeze in storage capacity. The comments by the lobby group are the latest sign of […] Read more
Bans on Ukrainian grain imports mount as Kyiv seeks transit deal
Poland, Hungary ban imports; Slovakia follows
Reading Time: 3 minutes Kyiv/Rava-Ruska, Ukraine | Reuters — Slovakia on Monday joined Poland and Hungary in banning grain imports from Ukraine as even Kyiv’s staunchest allies come under domestic pressure to shield their agriculture markets. The heat is mounting on Brussels to work out a European Union wide solution after Warsaw and Budapest announced bans on some imports […] Read more
Russia says Black Sea grain deal may be nearly over
Ukraine and UN to blame for backlog of ships, Russia alleges
Reading Time: 2 minutes Moscow | Reuters — Russia on Thursday said there would be no extension of the U.N.-brokered Black Sea grain deal beyond May 18 unless the West removed a series of obstacles to the export of Russian grain and fertilizer. The Ukraine grain Black Sea export deal was brokered by the United Nations and Turkey in […] Read more
Outlook for Black Sea grain deal ‘not so great,’ Kremlin says
Grain deal due to expire next month; Russia wants financial, insurance obstacles removed
Reading Time: 2 minutes Moscow | Reuters — The Kremlin on Wednesday said the outlook for the landmark U.N.-brokered Black Sea grain deal was not great as promises to remove obstacles to Russian exports of agricultural and fertilizer exports had not been fulfilled. The grain deal is an attempt to ease a food crisis that predated the Russian invasion […] Read more
Insurers covering Ukraine grain corridor shipments for now
More clarity needed soon, Lloyd's exec says
Reading Time: 2 minutes London | Reuters — Insurers continue to cover grain shipments from Ukraine through a United Nations-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The deal allowing the safe wartime export of Ukrainian grain from […] Read more
U.S. pushes back against Russian demands linked to Ukraine grain deal
Russian food, fertilizer already carved out from sanctions, U.S. says
Reading Time: 2 minutes United Nations | Reuters — The United States pushed back on Russian demands that Western sanctions be eased before it allows Ukrainian Black Sea grain exports beyond mid-May, saying there were no restrictions on Russian agricultural products or fertilizer. Moscow’s demands include allowing the Russian Agricultural Bank to return to the SWIFT banking system and […] Read more
Ukraine Black Sea grain deal extended for at least 60 days
UN, Turkey not yet specifying extension's duration
Reading Time: 3 minutes Ankara/United Nations | Reuters — A deal allowing the safe Black Sea export of Ukrainian grain was renewed on Saturday for at least 60 days — half the intended period — after Russia warned any further extension beyond mid-May would depend on the removal of some Western sanctions. The pact was brokered with Russia and […] Read more
A message from April Stewart, Country Guide's Associate Editor
