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File photo of a bulk port facility in Ukraine. (Olivia Sabeskaya/iStock/Getty Images)
Crops, Markets

U.N. chief seeks ‘spirit of compromise’ over Ukraine grain initiative

Deal sees 21 outbound ships so far

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Lviv | Reuters — U.N. Secretary-General Antonio Guterres urged Russia and Ukraine on Thursday to show a “spirit of compromise” to ensure the continued success of a U.N. brokered deal that enabled Ukraine to resume grain exports from its Black Sea ports. Guterres said after talks in the western Ukrainian city of Lviv that 21
Military officers from Russia, Ukraine, Turkey and members of delegations from both countries and U.N. attend the opening ceremony of a joint coordination centre that will oversee a U.N.-brokered deal to re-open Ukrainian grain exports in the Black Sea, in Istanbul, Turkey, July 27, 2022. Photo: Reuters/Umit Bektas
Cereals

Ukraine grain export coordination centre opens in Istanbul

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Istanbul | Reuters – Turkish Defence Minister Hulusi Akar on Wednesday unveiled a centre in Istanbul to oversee the export of Ukrainian grains after a landmark U.N. deal last week, with the first shipment expected to depart from Black Sea ports within days. Russia and Ukraine signed the deal, brokered by Ankara and the United
File photo of a bulk port facility in Ukraine. (Olivia Sabeskaya/iStock/Getty Images)
Crops, Markets

Turkey says Ukraine grain ships could avoid mines

Russia offers safe passage

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Ankara/United Nations | Reuters — Russia on Wednesday said it has offered “safe passage” for Ukraine grain shipments from Black Sea ports but is not responsible for establishing the corridors and Turkey suggested that ships could be guided around sea mines. Ukrainian grain shipments have stalled since Russia’s invasion and ports blockade, stoking global prices
Gavilon in October last year opened a new southern Montana grain elevator, shown here, at Huntley, just northeast of Billings. (Gavilon.com)
Crops, Markets

Viterra to buy Marubeni’s U.S. grain firm Gavilon

Grain handler looking to expand reach in Americas through acquisitions

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Grain firm Viterra’s plans to buy an expanded global reach are about to move forward with a 10-figure deal for the bulk of U.S. ag commodity firm Gavilon’s grain business. Viterra, owned by commodities firm Glencore and two Canadian public-sector pension funds, announced Wednesday it will pay $1.125 billion to buy Omaha-based Gavilon from the
Markets, News

Ukraine grain exports up sharply so far in 2021-22

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Ukraine has exported 33.2 million tonnes of grain so far in the 2021-22 July-June season, up 25.7 per cent from the same stage a season earlier, Agriculture Ministry data showed on Thursday. The total included 16.1 million tonnes of wheat, 5.2 million tonnes of barley and 11.5 million tonnes of corn, the data showed. Agriculture
File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)
Crops, Markets, Other

Baltic Dry Index hits 12-year high

Canadian grain exports slow either way

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MarketsFarm — Strong demand to move cargo coupled with weather-related shipping constraints in a number of key corridors has helped take ocean freight rates to their highest levels in more than a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, settled Friday at 4,275 points, marking its highest level since November
The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. Photo: REUTERS/Brendan McDermid
Markets

ADM quarterly profit surges amid strong U.S. corn exports to China

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Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up
Grain Markets, Markets

Canadian grain exports up 35 per cent on the year

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Canadian grain companies continue to do brisk business moving grains and oilseeds out of the country, with movement of canola, wheat, barley and many other crops running well ahead of the year-ago pace. Crop-year-to-date exports of Canada’s major grains and oilseeds as of Jan. 17 came in at 26.4 million tonnes, according to Canadian Grain

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