CBOT July 2022 wheat (candlesticks) with 100-day moving average (light green line), MGEX July 2022 wheat (yellow line) and K.C. July 2022 wheat (orange line). (Barchart)

U.S. grains: Wheat futures sag as traders eye Ukraine export negotiations

Soybeans ease following export-fuelled gains; corn also lower

Chicago | Reuters — U.S. wheat and corn futures weakened on Friday as traders monitored diplomatic talks aimed at resuming shipments of Ukrainian grain stalled since Russia’s invasion, analysts said. Soybean futures also declined as market participants booked profits before the weekend, brokers said. Ukraine was in focus as the United Nations said its aid

File photo of Black Sea port facilities at Odesa, Ukraine. (Leskas/iStock/Getty Images)

U.N. aid chief in Moscow to discuss Ukraine grain exports

Russia says will guarantee grain vessels' safety

Reuters — U.N. aid chief Martin Griffiths is in Moscow on Thursday and Friday to discuss clearing the way for exports of grain and other food from Ukraine’s Black Sea ports, a U.N. spokesperson said. Griffiths will meet Russian officials days after another senior U.N. official, Rebecca Grynspan, had “constructive” talks in Moscow with Russian


CBOT July 2022 wheat (candlesticks) with 20-day moving average (light green line) and MGEX and K.C. July 2022 wheats (yellow and orange lines). (Barchart)

U.S. grains: Wheat firms after earlier slide

Corn struggles to regain; soy firm

Chicago | Reuters — Chicago wheat futures gained on Thursday after reaching two-month lows as liquidation by investment funds abated and supply tensions remained despite talks to reopen Ukrainian ports that have been blocked since Russia’s invasion. A large wheat purchase by Egypt and a report that the U.S. government may retroactively raise an ethanol

(Creativex/iStock/Getty Images)

Environment Canada sees cool summer for Manitoba

MarketsFarm — Manitoba and eastern Saskatchewan could be in for a cooler-than-normal summer, according to the latest long-range outlook from Environment Canada. The latest seasonal forecast from the government agency, released Tuesday, calls for a 40 to 80 per cent chance of below normal temperatures from June through August across all of the agricultural regions





Southward displacement of arctic air is fuelling the ongoing storm systems and resulting rains pushing through southern Manitoba.

Displaced arctic air and heat waves

Under a ridge of high pressure, sinking air can lead to truly warm days

I received a few requests over the last week to stop discussing heavy rainfall and thunderstorms and start talking about summer heat waves. All of this, of course, is in the hope that talking about heat will maybe somehow make it happen. Oh, if only it was that simple. I also received a few questions

File photo of barley being loaded for export at the Black Sea port of Mykolaiv, Ukraine on July 9, 2013. (Photo: Reuters/Vincent Mundy)

U.N. had ‘constructive’ talks in Moscow on Russian grain, fertilizer exports

U.S. could offer 'comfort letters' to shippers, insurers

United Nations | Reuters — A senior U.N. official had “constructive discussions” in Moscow with Russian First Deputy Prime Minister Andrei Belousov on facilitating Russian grain and fertilizer exports to global markets, U.N. spokesman Stephane Dujarric said on Tuesday. The U.N. official, Rebecca Grynspan, is now in Washington for talks on the same issue “with