Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures rallied on Monday after a weekend attack that temporarily shut down key port for Ukrainian exports raised concerns about disruptions to grain shipments, traders said. Soybean futures dropped following rains in Argentina that alleviated concerns about crop shortfalls from that key export country. News that the […] Read more
U.S. grains: Wheat, corn up on Black Sea export concerns
Chicago January soy falls
Belarus to allow Ukraine grain transit with no preconditions, U.N. says
Belarus still wants sanctions lifted off fertilizer
Reading Time: < 1 minute United Nations | Reuters — Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow’s Feb. 24 invasion of Ukraine, said in […] Read more
Russia denies slowing inspections for Ukraine grain ships
Ukraine alleges slow pace 'probably with intent'
Reading Time: 2 minutes Ankara | Reuters — Russia’s ambassador to Turkey said on Friday that Moscow sends its representatives to more ship inspections in Istanbul per day than mandated under the Black Sea grain deal, rejecting a Ukrainian accusation that Russia is slowing down the process. Ukraine’s grain exports have proceeded more slowly since a U.N.-brokered deal was […] Read more
Black Sea grain export deal extended
Deal's terms unchanged; Moscow to still seek removal of obstacles to grain, fertilizer exports
Reading Time: 3 minutes Reuters — A deal aimed at easing global food shortages by helping Ukraine export its agricultural products from Black Sea ports was extended for four months on Thursday, though Russia said its own demands were yet to be fully addressed. The agreement, initially reached in July, created a protected transit corridor and was designed to […] Read more
U.S. grains: Soybeans follow soybean oil lower
CBOT wheat, corn retreat
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Wednesday, anchored by a profit-taking plunge in soyoil and crude oil futures, traders said. Wheat and corn futures declined on optimism about an extension of a deal to protect Black Sea exports, and as fears eased that the Ukraine war could escalate […] Read more
CBOT weekly outlook: Cordonnier sees little change in U.S. corn, soy yields
Reading Time: 2 minutes MarketsFarm — As corn and soybean harvests in the United States wrap up for 2022-23, one analyst believes there will be little change in the yields determined by the U.S. Department of Agriculture (USDA). Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. said USDA’s November call of 172.3 bushels per acre […] Read more
Reasons for optimism seen on renewal for Ukraine grain deal
Deal set to roll over on Saturday
Reading Time: 2 minutes Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more
U.S. grains: Wheat, corn up on reports of Russian missiles hitting Poland
January soybeans also close higher
Reading Time: < 1 minute Chicago | Reuters — U.S. grain futures rallied on Tuesday as reports that Russian missiles crossed into Poland raised concerns about escalating political tensions, market analysts said. A senior U.S. intelligence official said Russian missiles crossed into Poland, killing two people, the Associated Press reported. The Pentagon said it could not confirm reports that Russian […] Read more
Ukrainian farmers turn to U.N.-supplied grain sleeves for storage
'Last year's harvest still hasn't been sold'
Reading Time: 2 minutes Kyiv | Reuters — On a crisp and sunny November morning, Ukrainian farmers lined up to collect U.N.-supplied grain sleeves to store crops over winter as the country faces a significant shortage of storing capacity caused by Russian shelling. Ukraine has said it may lack up to 15 million tonnes of regular grain storage capacity […] Read more
ICE weekly outlook: Watch for canola to climb higher
Reading Time: < 1 minute MarketsFarm – There’s the possibility of the nearby January canola contract reaching upwards to C$1,000 per tonne, according Winnipeg-based analyst Wayne Palmer of Exceed Grain. “I think you got canola somewhere in the winter months maybe trading close to $1,000 again in January,” he said. Palmer placed his suggestion on the sharp upticks that soyoil […] Read more
A message from April Stewart, Country Guide's Associate Editor
