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Markets, Other

Russia strikes Ukraine’s Danube port, sending global grain prices higher

Port hit on Danube opposite NATO-member Romania; Kyiv says aim is to intimidate shippers considering return

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Kyiv | Reuters – Russia attacked Ukraine’s main inland port across the Danube River from Romania on Wednesday, sending global food prices higher as it ramps up its use of force to prevent Ukraine from exporting grain. The attacks destroyed buildings in the port of Izmail and halted ships in their tracks as they prepared
Commercial vessels –including vessels which are part of the Black Sea grain deal — wait to pass the Bosphorus strait off the shores of Yenikapi during a misty morning in Istanbul, Turkey on Oct. 31, 2022. (Photo: Reuters/Umit Bektas)

Russia could be ready for Black Sea grain deal talks, but no evidence yet: US

U.S. Ambassador to the U.N. said Russia has to return to Black Sea deal to market fertilizer, make agriculture transactions

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United Nations | Reuters – The United States has been told that Russia is prepared to return to talks on a deal that had allowed the safe Black Sea export of Ukraine grain, but “we haven’t seen any evidence of that yet,” the U.S. envoy to the United Nations said on Tuesday. Russia quit the
(File photo: Reuters/Yoruk Isik)

Ukraine says Russia threatened civilian vessels in second week without grain deal

Ukraine has harvested 11.2 million tons of its 2023 grain crop

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Kyiv | Reuters – A senior Ukrainian official accused Russia on Friday of threatening civilian vessels in the Black Sea, and urged the international community to condemn what he said were “the methods of terrorists”. Russia last week quit a U.N.-brokered deal allowing Ukraine, a major global grain producer, to safely export its grain via
A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023. (Photo: Yulii Zozulia/Nurphoto via Reuters Connect)
Markets

Russia attacks Ukraine’s vital Danube grain export route

Ukrainian foreign minister calls for global response to 'food terrorism'

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Kyiv | Reuters – Russia destroyed Ukrainian grain warehouses on the Danube River in a drone attack on Monday, targeting a vital export route for Kyiv in an expanding air campaign that Moscow began last week after pulling out of the Black Sea grain deal. Last week’s attacks mostly struck the sea ports of Odesa
File photo of a Chinese cornfield. (Baona/iStock/Getty Images)

Rain in China’s northeast brings relief for corn, drought risk remains

An oversupply of hogs, weak demand are pressuring pork prices

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Beijing | Reuters – Recent rainfall in China’s northeastern breadbasket has relieved drought across most of the region, an agriculture ministry official said Friday, but risks remain with the El Nino weather pattern potentially bringing more extreme weather this summer. China is the world’s second-biggest corn producer and about 40 per cent of its crop
Vessels are seen as they await inspection under the Black Sea Grain Initiative, brokered by the UN and Turkey, in the southern anchorage of the Bosphorus at Istanbul on Dec. 11, 2022. (File photo: Reuters/Yoruk Isik)

Black Sea grain deal expires after Russia quits

United Nations says the move would "strike a blow to people in need everywhere"

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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
A combine harvests wheat in a field near the village of Zghurivka, amid Russia’s attack on Ukraine, in Kyiv region on Aug. 9, 2022.
Global markets, News

War pushes grain supplies into danger territory

ANALYSIS | Patchwork fixes to Ukraine grain shortfall leave world vulnerable a year into war

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A patchwork of fixes and increased crop plantings around the world to counter the impact of war in Ukraine on global grain supplies are not enough to ward off further risks of disruption. Extensive damage to Ukraine’s farm sector and uncertainty that the United Nations’ grain export corridor deal will be renewed this month suggest
Markets

Global Markets: US GDP hits the brakes

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WINNIPEG, October 29 – The following is a glance at the news moving markets globally. US GDP GROWTH SLOWED IN THIRD-QUARTER Economic growth in the US halted sharply in the third-quarter, according to data released by the country’s Commerce Department. Gross domestic product increased at a 1.5 per cent annual rate, compared with 3.9 per

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