CBOT July 2022 wheat (candlesticks) with 20- and 50-day moving averages (blue and black lines) and MGEX and K.C. July 2022 wheats (yellow and orange lines). (Barchart)

U.S. grains: Wheat drops as Russia considers Ukrainian grain exports

Corn, soybeans also down

Chicago | Reuters — Chicago wheat futures fell on Tuesday, after Russian President Vladimir Putin expressed readiness to allow blocked Ukrainian grain vessels from Black Sea ports. Corn was pressured by falling wheat, while profit-taking pulled soybeans off life-of-contract highs to finish lower. The most-active wheat contract on the Chicago Board of Trade (CBOT) fell

Cargo ships are docked in Ukraine’s Black Sea port of Odesa on Nov. 4, 2016. (File photo: Reuters/Valentyn Ogirenko)

Kremlin says Putin ready to facilitate grain exports via Ukraine ports

Russia says will work with Turkey

London | Reuters — President Vladimir Putin said Monday that Russia was ready to facilitate the unhindered export of grain from Ukrainian ports in co-ordination with Turkey, according to a Kremlin readout of talks with Turkish President Tayyip Erdogan. Besides the death and devastation sown by Russia’s invasion of Ukraine, the war and the West’s


nitrogen

No bets on carry-over nitrogen

Recent sampling shows there's less residual nitrogen from last year’s drought in the top six inches of the soil, but much of it may still be available between six and 24 inches

After a season of drought followed by a disappointing harvest, many farmers saw a silver lining in the fact that the conditions left them with a significant amount of residual nitrogen — as much as four times the normal levels in some areas. It was good news at a time when input costs, including fertilizer,



Yara’s fertilizer terminal at Stockton, California. (Sebastian Braum photo, Yara.com)

Fertilizer maker Yara says world faces extreme food supply shock

Sanctions cut global fertilizer supply 15 per cent, company says

Davos, Switzerland | Reuters — Norwegian fertilizer giant Yara says donors urgently need to close the U.N.’s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilizers and Ukraine’s grain export problems have created an extreme global shock. “The world has realized that food can be a weapon and it



CBOT July 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and green lines). (Barchart)

U.S. grains: Soybean, wheat futures fall

CBOT corn closes higher

Chicago | Reuters — U.S. soybean futures fell on Wednesday, pressured by weather forecasts that will allow farmers to make good progress on the end of their planting tasks as well as concerns about demand from China. Chicago Board of Trade wheat futures also were weaker, with the market setting back on reports that Russia

ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (yellow line). (Barchart)

ICE weekly outlook: Canola sideways for now

MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains


Grain shippers say the real problem is a capacity shortfall, and they worry when grain volumes pick up, the problem will be even worse. photo: paterson grain

Railways catching up with grain shipper demand

But the bigger question is what happens this fall if a ‘normal’ crop rolls in

After a brutal few months of being unable to meet the shipping demands of grain companies, the two major railways have largely caught up. “Over the last two or three weeks, it’s got a little bit better,” said Mark Hemmes, of Quorum Corp., Canada’s grain monitor. “We probably have less grain left to ship now,