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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

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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
A combine destroyed by a fire following a Russian rocket attack.
Farmit Manitoba, Other

From Ukraine: Rebuilding in the ashes

Farmer Yuriy Vovchenko survived occupation and siege and now must overcome the damage to his farm and himself

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Ukrainian farmer Yuriy Vovchenko survived the Russian occupation and constant shelling for eight months, but his life has changed immeasurably. I have known him for many years, and since the invasion I have wanted to phone him many times but each time I dialed, I stopped, because I was afraid to hear that he was
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, wheat futures fall on fund selling

Soybean futures rise

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Chicago | Reuters — U.S. corn and wheat futures dipped on Friday, with concerns about a weakening global economy deterring traders from extending gains made earlier this week. “Fund managers continue to interpret their supply and demand fundamentals through a lens coloured by recession fears,” Arlan Suderman, chief commodities economist at brokerage StoneX, said in
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat, corn up on Black Sea export concerns

Chicago January soy falls

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Chicago | Reuters — U.S. wheat and corn futures rallied on Monday after a weekend attack that temporarily shut down key port for Ukrainian exports raised concerns about disruptions to grain shipments, traders said. Soybean futures dropped following rains in Argentina that alleviated concerns about crop shortfalls from that key export country. News that the
File photo of a train in Belarus. (Dimarik/iStock/Getty Images)
Crops, Markets

Belarus to allow Ukraine grain transit with no preconditions, U.N. says

Belarus still wants sanctions lifted off fertilizer

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United Nations | Reuters — Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow’s Feb. 24 invasion of Ukraine, said in
News

Ukraine grain exports down nearly a third on crop year to date

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Ukraine has exported almost 18.1 million tonnes of grain so far in the 2022-23 season, down 29.6 per cent from the 25.8 million tonnes exported by the same stage of the previous season, agriculture ministry data showed Dec. 2. The volume included more than 6.9 million tonnes of wheat, 9.7 million tonnes of corn and
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat steadies after one-year low

Soybeans firm on China demand, Argentina drought

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Chicago | Reuters — Chicago wheat climbed on technical buying on Wednesday after sliding to 13-month lows earlier in the week, as global supplies weigh on U.S. markets. Soybean futures gained, underpinned by export demand optimism and dry conditions in top exporter Argentina. Corn inched higher, supported by wheat and soy despite from weaker crude

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