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CBOT March 2023 corn with 20-, 100- and 200-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soy up off early declines on export data

Chicago wheat follows suit

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Chicago | Reuters — Chicago Board of Trade (CBOT) corn and soybean futures rallied to multi-month highs on Tuesday as signs of export demand and follow-through support from last week’s bullish U.S. government supply/demand reports overshadowed early pressure from wetter South American weather forecasts, traders said. Wheat followed the higher trend. CBOT March corn settled
... sanctions came so quickly that farmers couldn’t pivot and buy fertilizers from another source.
Op/Ed, Opinion

Opinion: Ottawa tone deaf to issues facing farmers

This is what happens when a government is driven by urban politics

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Ottawa recently announced that tariff revenues received from Canadian farmers who bought Russian/Belarusian fertilizers this year are being sent to Ukraine to rebuild infrastructure. Canada was the only G7 country to put tariffs on Russian and/or Belarusian fertilizer after Russia invaded Ukraine. Of the $115 million sent to Ukraine, $34 million were collected from Canadian
A woman sings a carol in front of a Christmas tree, amid Russia’s attack on Ukraine, at the Sofiyska Square in Kyiv, Ukraine, Dec. 19.
Farmit Manitoba, News, Other

From Ukraine: Two Christmases and one dream

Despite the threat of a renewed invasion, the population of Ukraine celebrates the season

By
Winter in Ukraine this year looks quite Canadian, with frequent snows and severe frosts, ice-covered roads and power lines. Of course, we are not very pleased with such a rampage of winter elements this year, because the electricity in Ukrainian houses is unreliable. I read in the news about what is an ordinary event for us – over Kyiv, our
Close-up of a McDonald’s double Quarter Pounder with bacon. (Corporate.mcdonalds.com)
Beef cattle, Livestock, Markets

McDonald’s reported set to exit Kazakhstan on Russia war spillover

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Reuters — McDonald’s Corp. is set to abandon Kazakhstan as disruptions triggered by the Ukraine crisis have left the nation without a substitute for Russian meat supplies, Bloomberg News reported Wednesday, citing people familiar with the matter. The fast-food giant, which exited Russia in May, banned its local franchisee from procuring meat patties from Russian
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans firm as investors track Argentine weather

Wheat, corn drift lower after multi-week highs

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Chicago | Reuters — Chicago soybean futures rose on Thursday, after rallying earlier in the day to the highest price since June, as investors tracked forecasts for much-needed rain across Argentine crops and China’s dropping of strict COVID-19 measures. But the price rally was capped by investors looking to capture profits and adjust their positions
Food prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023, new research predicts.
News

Food inflation: Tight grain, oilseed supplies to keep prices elevated

Demand will remain high and production will face challenges in the coming year

By
Reuters – Drought or too much rain, the war in Ukraine and high energy costs look set to curb global farm production again next year, tightening supplies even as high prices encourage farmers to boost planting. Production of staples such as rice and wheat is unlikely to replenish depleted inventories, at least in the first
“I think it would be great if it could be expanded. The more grain that gets out into the world, the better ...” – Martin Griffith, United Nations.
News

Ukraine grain deal unlikely to include new ports in near term

More grain movement and fertilizer production needed to feed world

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Reuters – United Nations aid chief Martin Griffiths said Dec. 15 it was unlikely the Black Sea grain deal would be expanded in the near term to include more Ukrainian ports or reduce inspection times. Kyiv has called for an expansion of the deal with Moscow that was mediated by the United Nations and Turkey and allows
News

Fertilizer firm seeks grain giant assets

Uralchem wants to buy grain assets from Viterra, Cargill if they leave Russia

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Russian fertilizer producer Uralchem would be interested in buying the Russian assets of global grain traders Viterra and Cargill if they decide to leave Russia, the company said in a letter seen by Reuters. Spokespersons for Cargill’s and Viterra’s Russian operations said their respective companies do not plan to leave the country. Uralchem declined to
(Laura Rance photo)
Crops

Corteva cuts U.S. jobs while exiting Russia

California plant produces seed for sunflower growers

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Chicago | Reuters — Seeds and pesticides company Corteva will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe

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