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Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets

Tax, competition expected to prolong Russian wheat export season

Tax complicates forward sales for exporters

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Moscow | Reuters — Exports of Russian wheat will stretch well into the second half of the season as Moscow’s export tax and tough competition with Ukraine and Romania slow sales until the end of 2021, traders and analysts said. Russia, the world’s largest exporter of wheat, generally sells most of its crop during the
(Aodaodaod/iStock/Getty Images)
Crops, Markets

Canadian farm exports hit new Chinese obstacles amid diplomatic dispute

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Winnipeg/Beijing | Reuters — An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute. China has already blocked Canadian canola from Richardson International and Viterra, two of Canada’s biggest farm exporters, saying that shipments had pests. Other China-bound canola
(FIle photo by Dave Bedard)
Crops, Markets

China’s ban on Canadian canola expands to Viterra

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Beijing/Ottawa | Reuters — China expanded its ban on Canadian canola seed imports on Tuesday to include shipments from Viterra, the latest development in a wider trade dispute between the two countries. Viterra is the second canola exporter to have its registration cancelled, after Beijing halted shipments from top exporter Richardson International earlier this month.
Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)
Crops, Markets

Egypt court ruling revives row over ergot in wheat

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Cairo | Reuters — A court that ordered the suspension of Egypt’s food inspection system based its ruling in part on the quarantine service’s right to ban grain imports with any trace of the ergot fungus, raising the possibility the contested rule could be restored. The government’s new food inspection system simplified trade after a
(Photo courtesy Canada Beef Inc.)
Crops, Markets

U.S. grains: Wheat ends up three per cent

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Chicago | Reuters — U.S. wheat futures climbed about three per cent on Wednesday on a mix of technical buying and enthusiasm over a larger-than-expected wheat purchase by top global importer Egypt a day earlier, traders said. Corn and soybeans also rose, supported by fund investment at the start of a new month and carry-over

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