Reading Time: 2 minutes Chicago | Reuters – Wheat prices rallied on Monday after a Russian missile strike on the Ukrainian port of Odesa over the weekend raised doubts about implementation of last week’s agreement to open a corridor for grain exports from Ukraine. Soybean and corn futures followed wheat, supported by forecasts for hot, dry weather across parts […] Read more
U.S. grains: Wheat firms after Russian strike threatens Ukraine export deal
Direct compensation for fertilizer tariffs not on table
Eastern farm groups call for help ahead of fall seeding
Reading Time: 3 minutes Farmers in Eastern Canada who rely on imports of Russian-made fertilizers aren’t going to see direct compensation for the federal government’s general tariff on those products. A clutch of farmer and ag industry groups on July 15 put forward a new request to Ottawa for compensation to farmers “negatively impacted” by a 35 per cent […] Read more
Outraged by strike on Odesa, Ukraine still prepares to resume grain exports
Accord had sought to avert major global food crisis; attack shows Moscow can't be trusted on deal, Zelenskiy says
Reading Time: 3 minutes Kyiv | Reuters — Ukraine pressed ahead on Sunday with efforts to restart grain exports from Odesa and other Black Sea ports after a missile attack that cast doubt over whether Russia would honour a deal aimed at easing global food shortages caused by the war. President Volodymyr Zelenskiy denounced the strikes on Odesa as […] Read more
U.S. grains: Wheat falls six per cent on Ukraine grain export deal
CBOT corn sags, soy rallies
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell nearly six per cent on Friday to their lowest level since February after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said. Corn fell almost two per cent on the news but soybean futures closed higher, rebounding from […] Read more
Ukraine, Russia sign deal to reopen grain export ports
Russia says it 'won't take advantage' of de-mining of ports
Reading Time: 4 minutes Istanbul/Kyiv | Reuters — Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased. The accord crowned two months of talks brokered by the United Nations and Turkey, a NATO member that […] Read more
U.S. grains: Corn, soy, wheat fall on weather, Ukraine sea pact
IGC's corn outlook lower, wheat outlook up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to two-week lows and new-crop soybeans hit a six-month low on Thursday on improving crop weather in the Midwest and news of a deal to restart Ukraine’s Black Sea grain exports, traders said. Wheat futures declined after choppy trade. All three markets fell to the day’s lows […] Read more
Deal to resume Ukraine Black Sea grain exports to be signed Friday
Reading Time: 2 minutes Istanbul/United Nations | Reuters — Ukraine, Russia, Turkey and U.N. Secretary-General Antonio Guterres will sign a deal on Friday to resume Ukraine’s Black Sea grain exports, Turkish President Tayyip Erdogan’s office said Thursday. Russia and Ukraine are both major global wheat suppliers, but Moscow’s Feb. 24 invasion of its neighbour has sent food prices soaring […] Read more
U.S. grains: Soy, corn futures ease on improving weather
CBOT wheat firms on export news
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on forecasts for improving weather in the Midwest, including rains next week that should boost crop production prospects, analysts said. Wheat futures rose as traders awaited the outcome of Egyptian wheat purchase negotiations, as well as talks on a possible deal to boost […] Read more
Ukraine grain storage crisis hits home as farmers harvest new crops
Outlook bleak if sea export route not reopened soon
Reading Time: 4 minutes Khreshchate, Ukraine | Reuters — Ukrainian farmer Mykola Tereshchenko hopes to start harvesting his wheat fields this week, but the smallholder in northern Ukraine has nowhere to store the grain. His silos are still crammed full with 1,100 tonnes of grain from last year’s harvest that he can’t export due to the closure of Ukraine’s […] Read more
U.S. grains: CBOT wheat hits five-month low
Corn, soy firm on U.S. weather outlook
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures tumbled to a five-month low on Friday, with hopes for a pick-up in exports from war-torn Ukraine threatening the recent gains made in demand for U.S. supplies, traders said. Corn futures firmed again, their seventh gain in the last eight sessions, on concerns about hot […] Read more
A message from April Stewart, Country Guide's Associate Editor
