Sunflowers near the Ukrainian village of Grebeni on July 14, 2016. Expectations for a drastically reduced sunflower crop from Ukraine this year have led to contract highs in the European rapeseed market.

Someday we’ll see it, the rainbow contraction

A bull market still needs to be fed every day

Why are there so many songs about rainbows, and what’s on the other side? The best quote I heard while covering the agricultural markets over the week ended March 25 was from an analyst rephrasing the age-old saying of ‘What comes up, must come down.’ He noted grains and oilseeds will eventually ‘see both sides




Wheat in a field near the village of Hrebeni in Ukraine’s Kyiv region on July 17, 2020.

Canola’s wild ride ends up near where it started

Oilseeds are caught up in crude oil values’ ebb and flow

Despite all the volatility in the markets over the last seven days, ICE Futures canola values ended up pretty much where they started. On March 10, the nearby May canola contract closed at $1,130.70 per tonne; a week later it finished at $1,130.20. It was a similar story for the July contract, at $1,096.40 per


“This could represent a shortfall for the world market in the second half of the season and make it extremely difficult to resolve the supply equation.”

French wheat export forecast raised, stocks cut on Ukraine war

Farm office FranceAgriMer has increased sharply its forecast of French soft wheat exports outside the European Union this season as it anticipated France would replace some of the Black Sea trade disrupted by Russia’s invasion of Ukraine. Importers are seeking alternatives to Ukrainian and Russian supplies, which usually account for about 30 per cent of

Ukrainian Railways ready to boost grain exports by train

Ukrainian Railways ready to boost grain exports by train

Ukraine’s state-run railway operator is ready to organize agricultural exports by rail as a matter of urgency, after closure of the country’s Black Sea ports because of the military invasion by Russia. A major global agricultural producer and exporter, Ukraine has historically exported its grain, vegetable oils and other food products by ship. “This situation causes problems



Bulgaria hampering grain exports amid Ukraine war, producers say

Bulgaria is starting to slow grain vessel loadings through administrative checks in what companies fear is an attempt to halt exports in response to the war in Ukraine, a producers’ group said March 3. Traders say Bulgaria is among European Union countries seeing extra export demand as merchants rush to replace grain they had planned


A POPRAD close air defence vehicle is parked in a field near Poland’s southeastern border with Ukraine on Feb. 28.

War in Ukraine sends wheat prices sky high

Concerns over dry conditions in the Prairies and Plains also loom

Wheat prices have risen dramatically since Russian forces invaded Ukraine on Feb. 24, and war premiums have pushed values to exorbitant levels. At the close of trading on March 3, the nearby Chicago May wheat contract finished at US$11.34 per bushel, after its third consecutive limit-up gain. Kansas City May wheat ended that day at

Soybeans are being planted near Husachivka, about 50 km south of Kyiv, in this file photo from April 17, 2020.

War in Ukraine trumps market fundamentals

U.S. wheat values set fresh highs upon Russia’s invasion

Russia’s invasion of Ukraine added fuel to the raging fire of the agricultural markets during the week ended Feb. 25, with any typical supply/demand fundamentals that would usually provide direction taking a back seat to the developing crisis. Ukraine and Russia are both major players in the world wheat market, and the United States wheat