London | Reuters — Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit a UN-backed deal that allows the export of grain through a wartime Black Sea safe corridor, industry sources said. The agreement, brokered by Turkey last July, aimed to alleviate a global
Insurers seen reviewing Black Sea ship cover after Russia quits deal
Last ship covered under deal left Sunday
Grain shipping deal can operate without Russia, Zelenskyy says
'Blackmail is not allowed for anyone'
Kyiv | Reuters — The Black Sea grain shipment deal must continue and could operate without Russian participation after Moscow’s withdrawal on Monday, Ukrainian President Volodymyr Zelenskyy said. Ukraine, Zelenskyy said in his nightly video address, was a food source for 400 million people. “Africa has the right to stability. Asia has the right to
U.S. grains: Wheat, corn fall as Black Sea grain deal expires
Grain traders hope pact may still be renewed
Chicago | Reuters — U.S. grain futures fell on Monday as Russia’s exit from the Black Sea export deal failed to shock traders. Wheat and corn futures slumped after earlier rising to two-week highs when Russia announced it was leaving the agreement that lets Ukraine export grain through the Black Sea. Russia had long threatened
U.S. livestock: CME August live cattle touch new high
Hogs lower as China books higher pork output
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a new high in the front-month contract on Monday on technical buying and concerns over tightening U.S. supplies, analysts said. August live cattle reached its life-of-contract high of 181.6 cents/lb. before retreating to settle 0.05 cent lower at 180.125 cents/lb. (all figures US$). October
Black Sea grain deal expires after Russia quits
United Nations says the move would "strike a blow to people in need everywhere"
United Nations/Moscow | Reuters – A deal allowing the safe Black Sea export of Ukraine’s grain for the past year expired on Monday after Russia quit and warned it could not guarantee the safety of ships in a move the United Nations said would “strike a blow to people in need everywhere.” Moscow suggested that
Prairie Forecast Update: Low pushes southeast instead
The area of low pressure that was predicted to develop over central Alberta on Monday, July 17th still looks on track to develop. This will mean clouds and showers over north-central regions of Alberta late on Monday and into early Tuesday. There may be some thunderstorms overnight Monday over south-central regions. This low was originally
UN waits for Russian answer as Black Sea deal deadline looms
U.S. says Russia using grain deal 'as a weapon'
United Nations | Reuters — UN Secretary-General Antonio Guterres is still waiting for a response from Russian President Vladimir Putin on a proposal to extend a deal allowing the safe Black Sea export of Ukraine grain beyond Monday, a U.N. spokesperson said on Friday. Guterres wrote to Putin on Tuesday asking him to extend the
U.S. EPA denies nearly all biofuel blending exemption petitions
Refineries didn't prove hardship, agency said
New York | Reuters — U.S. President Joe Biden’s administration on Friday denied almost all outstanding petitions from oil refiners asking to be exempted from mandates that require them to mix biofuels into their fuel. The Environmental Protection Agency (EPA), which has the authority to issue the exemptions, denied 26 petitions from 15 small refineries
Net short position nearly gone in canola
Traders still net short in CBOT wheat, corn
MarketsFarm — Speculative traders continue to exit their bearish bets in canola, with the net short position dipping below 4,000 in the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of July 11, the net managed money short position in canola futures came in at 3,899 contracts (34,124 short,
U.S. grains: Wheat, corn rise as Ukraine shipping deal set to end
Soybeans mixed on profit-taking, supply questions
Chicago | Reuters — U.S. wheat futures rose on Friday as drought conditions in Canada and the northern Plains continue to weigh on the market, as does uncertainty over the future of Ukraine’s wartime grain export shipping deal that is set to expire on Monday. Corn followed wheat up on yield concerns and technical trading.