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Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)
Crops, Markets

Putin to meet Erdogan amid push to revive grain deal

Turkey, UN seek to revive grain deal; Russia discussing separate plan

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Moscow | Reuters — Russian President Vladimir Putin will hold talks with Turkey’s Tayyip Erdogan on Monday in the Black Sea resort of Sochi as Ankara and the United Nations seek to revive a Ukraine grain export deal that helped ease a global food crisis. Russia quit the deal in July — a year after
CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat dips after earlier strength

Black Sea supplies weigh on market

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Chicago | Reuters — U.S. wheat prices reversed earlier gains to close lower on Friday, as markets weighed tight global stocks against the prospect of hefty Russian wheat production and efforts to renew a Black Sea grain deal. Chicago soybeans and corn also climbed after month-end positioning pushed futures lower much of the week and
CBOT November 2023 soybeans with 20- and 50-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans end month up on crop stress

Wheat down as global supplies weigh on U.S. prices

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Chicago | Reuters — Chicago soybeans fell for a third consecutive session on Thursday, but ended the month higher as recent export activity and fears that dry weather damaged crops lent support. Wheat ended lower after trading both sides of even, pressured by plentiful global supplies. Corn ended the day and the month lower after
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)
Crops, Markets

Russia says will have talks with Turkey about alternative to Black Sea deal

Plan calls for Qatar's support to move Russian grain

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Reuters — Russian Foreign Minister Sergei Lavrov and Turkish counterpart Hakan Fidan will discuss a proposal by Moscow for an alternative to the Black Sea grain deal when they meet this week, Lavrov’s ministry said Wednesday. Under the plan, Russia would send a million tons of grain to Turkey at a discounted price, with financial
Scenes from the Ukrainian corn harvest. This year farmers are struggling to justify the cost of harvesting due to the war and lack of markets.
News

From Ukraine: The second summer of war

FIRST PERSON | As harvest begins, farmers wonder if they should bother

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A kamikaze drone flew over our house last night. It fell near our fence and exploded. I looked out the window and saw a red flame. Then I opened my eyes and realized it was a nightmare. In the morning, I called my mother. She said she heard a drone over our town at 3 a.m. These soulless killing
Global wheat exporters won’t keep up with demand this year, which will draw existing stocks down sharply.
Crops, Grain Markets, Markets

Weather woes, Russia upend outlook for global wheat suppliers

Stockpile levels expected to reach at least a 16-year low in 2023-24

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Drought is expected to send global wheat stockpiles for major exporters to the lowest levels in more than a decade, a Reuters analysis shows. The decline is coming as top supplier Russia intensifies its conflict with Ukraine and creates more uncertainty for importers. Farms in areas of North and South America, Europe and Australia are
File photo of a small boat flying the Lebanese flag at a marina in Tripoli as a cargo vessel sails in the distance. (Joel Carillet/iStock/Getty Images)
Crops, Markets

Ukraine asks Lebanon to bar Syrian ship carrying ‘stolen’ corn

Corn taken from multiple storage units, Ukraine alleges

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Beirut | Reuters — Ukrainian officials on Thursday asked Lebanon to bar a Syrian state-owned cargo ship carrying allegedly stolen Ukrainian grain from docking in Lebanon’s Tripoli port, according to the Ukrainian embassy and a diplomatic note seen by Reuters. The Ukrainian mission said in comments to Reuters that the Finikia was transporting 6,000 metric
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans up as heat risk in focus

Weak demand erodes corn, wheat

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Chicago | Reuters — Chicago soybean futures firmed for a second straight session on Thursday, supported by strong exports and supply uncertainty as hot, dry weather cast uncertainty over U.S. prospects. Corn inched down as the market assessed results from this week’s Pro Farmer crop tour. Wheat eased as traders weighed strong global supplies against
(Omersukrugoksu/iStock/Getty Images)

Russia hits grain facilities at Ukrainian Danube River port

Some 13,000 tonnes of grain destroyed says Ukrainian deputy prime minister

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Reuters – Russian drones struck Ukrainian grain facilities at the Danube River port of Izmail overnight in what a senior official said on Wednesday was a systematic attempt by Moscow to prevent Kyiv exporting grain to the world. Deputy Prime Minister Oleksandr Kubrakov said the port’s export capacity had been reduced by 15% and that

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