Reading Time: 2 minutes Washington | Reuters –– The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine. Enabling those Russian exports is a key part of attempts by the United Nations and Turkish […] Read more
As Ukraine grain deal emerges, U.S. aims to ease concerns over Russia sanctions
U.S. grains: Wheat futures extend losing streak
Soybeans weak, corn firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell for the fourth straight day on Thursday on optimism about a deal that could lead to the resumption of Ukrainian Black Sea grain exports, traders said. Corn futures rose for the sixth time in seven sessions on growing concerns about hot weather stunting crop development in the […] Read more
Ukraine grain exports deal to be signed next week, Turkey says
Reading Time: 2 minutes Istanbul/United Nations | Reuters –– Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine’s Black Sea grain exports, but U.N. chief Antonio Guterres warned there was still “a long way to go” before there would be peace talks to end the war. Turkish defence minister […] Read more
Poland says EU goal for Ukraine grain movement not feasible by July
Reading Time: 3 minutes Warsaw | Reuters – The European Union’s goal to move 20 million tons of grain out of Ukraine by the end of July is not feasible amid little progress in implementing EU and U.S. initiatives to ease logistics problems, the Polish agriculture minister said on Tuesday. Speaking to Reuters in an interview, Henryk Kowalczyk accused […] Read more
U.S. grains: Wheat firms after Russia strikes Ukraine port
Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures firmed on Wednesday, rebounding from a sharp decline a day earlier as investors covered short positions following a Russian strike on a port in Ukraine that renewed fears about supply shortages, traders said. “Wheat was mostly higher today … after Russia unleashed a missile attack damaging at least […] Read more
Ukraine grain exports 48 per cent down so far in June
Reading Time: < 1 minute Reuters – Ukrainian grain exports in the first 22 days of June fell by 48 per cent from a year earlier to 907,000 tonnes, agriculture ministry data showed on Wednesday. The volumes included 803,000 tonnes of corn, 78,000 tonnes of wheat and 21,000 tonnes of barley, the data showed. Ukraine exported up to 6 million […] Read more
U.S. grains: Wheat futures hit lowest since late March
Chicago corn, soybeans also weak
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank 5.7 per cent on Tuesday to their lowest level in 2-1/2 months, pressured by early harvesting in the United States and Europe as well as fresh efforts to boost the amount of grain shipped from Ukraine. Corn futures were down three per cent as weather forecasts turned […] Read more
Turkish team to discuss Black Sea grain corridor in Russia this week
Turkey proposes to monitor safe passage
Reading Time: 2 minutes Ankara | Reuters — Ankara’s military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday. Russia’s TASS agency confirmed plans for the talks, citing Kremlin spokesman Dmitry Peskov. Russia’s Feb. 24 invasion of Ukraine […] Read more
Food crisis will drive record displacement levels higher, UN refugee chief says
Reading Time: 2 minutes Geneva | Reuters — A food security crisis stoked by the Ukraine war is set to push more people to flee their homes in poorer countries, driving record levels of global displacement even higher, the head of the U.N. refugee agency (UNHCR) said. A report by the U.N. body showed on Thursday that some 89.3 […] Read more
U.S. grains: Wheat jumps on weaker U.S. dollar
Midwest heat lifts corn, soy
Reading Time: < 1 minute Indianapolis | Reuters — Chicago Board of Trade wheat climbed on Thursday, supported by a weaker dollar and continued uncertainty as Ukraine attempts to move grain exports through the Black Sea. Corn and soybeans firmed as hot, dry weather across the U.S. Midwest threatened to stress recently-planted crops. The most-active wheat contract of the Chicago […] Read more
A message from April Stewart, Country Guide's Associate Editor
