Reading Time: 2 minutes Ankara/United Nations | Reuters — Russia on Wednesday said it has offered “safe passage” for Ukraine grain shipments from Black Sea ports but is not responsible for establishing the corridors and Turkey suggested that ships could be guided around sea mines. Ukrainian grain shipments have stalled since Russia’s invasion and ports blockade, stoking global prices […] Read more
Turkey says Ukraine grain ships could avoid mines
Russia offers safe passage
Russia’s war may deprive world of three Ukrainian wheat harvests, minister says
'Significant' decline expected in winter wheat acres
Reading Time: 3 minutes Kyiv | Reuters — Russia’s invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine’s agriculture minister told Reuters. Ukraine, sometimes known as Europe’s breadbasket, has had its maritime grain export routes blocked by Russia and […] Read more
Biden touts grain silos on Ukraine border to help exports
Kyiv wants ports open
Reading Time: 2 minutes Reuters — U.S. President Joe Biden said Tuesday that temporary silos would be built along the border with Ukraine in a bid to help export more grain and address a growing global food crisis. Since the Russian invasion and blockade of Ukrainian Black Sea ports, grain shipments have stalled and more than 20 million tonnes […] Read more
June USDA report includes few changes or surprises
U.S. corn, soybean carryout projections down from May's
Reading Time: 2 minutes MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop […] Read more
Nutrien to further boost potash output amid global shortage
Company will also speed up nitrogen capacity boosts
Reading Time: < 1 minute Reuters — Nutrien, the world’s largest fertilizer producer, said Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage. Potash prices have soared since the West imposed sanctions against Russia for Moscow’s […] Read more
CBOT weekly outlook: Soy prices rise, yields may follow suit
Reading Time: 2 minutes MarketsFarm — Soybeans were the high-rising crop on the Chicago Board of Trade (CBOT) for the week ended Wednesday, two days before the U.S. Department of Agriculture’s monthly world agriculture supply/demand estimates (WASDE) are released. Old- and new-crop soybeans all rose in tandem during the week, but while old-crop contracts are rising in price due […] Read more
U.S. grains: CBOT soybeans, corn, wheat rise
Soy nears 10-year highs
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday on expectations that robust demand from both the domestic and export sectors will keep supplies tight until harvest in the fall, traders said. Corn futures were firm on support from strength in the cash market while wheat ended in positive territory after trading both sides […] Read more
Russian attack destroys warehouses of major Ukrainian port terminal, owner says
Reading Time: 2 minutes Kyiv | Reuters — Russian shelling destroyed the warehouses of one of Ukraine’s largest agricultural commodities terminals in the Black Sea port of Mykolaiv over the weekend, authorities and the facility’s owner said Tuesday. The attack came at a time Turkey is trying to develop a U.N.-backed plan to start grain exports from Ukraine’s ports, […] Read more
U.S. grains: Wheat futures drop after rally
Strong cash market supports corn, soy
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell 1.9 per cent on Tuesday on a round of profit taking as traders closely monitored prospects for grain exports out of Ukraine. “Wheat continues to ride the wave of varied rhetoric from the Black Sea that seemingly changes by the minute,” Matt Zeller, director of market information […] Read more
Watching a new world order unfold
How much damage is 2022 doing to global supply chains for equipment manufacturers?
Reading Time: 6 minutes I remember watching the start of the 1970s BBC series The World at War. The screen showed the wreckage of a French village. Over it, Lawrence Olivier entoned, “Down this road in 1944, the soldiers came. When they left, a community which had lived for a thousand years was dead.” If such a documentary was […] Read more
A message from April Stewart, Country Guide's Associate Editor
