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Bunge’s refined and specialty oils segment turned in stronger quarterly earnings in the Americas and Europe. Photo: Thinkstock

Crop merchant Bunge raises full-year profit outlook

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Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen
News

Russia considers abolishing grain export quota

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Russia, the world’s largest wheat exporter, may abolish its grain export quota that it usually sets in the second half of the July-June marketing season, the Interfax news agency reported, citing Russia’s deputy prime minister. Russia supplies its wheat to Africa and the Middle East and usually sets grain export quotas for the period from
CBOT December 2022 soft red winter wheat (candlesticks) with MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat, soybeans, corn fall on demand concerns

CBOT December wheat touches four-week low

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Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Tuesday on concerns that overseas buyers will turn to alternative supplies to meet their import needs, traders said. “Consistently high prices are slowly doing their job of eroding demand across the board, with Brazil in particular among a group of global players that
Volodymyr Fedorchuk, before the war, with some of the garlic he raised on now-occupied territory.
Farmit Manitoba

Rebuilding after losing the farm to war

Garlic grower in Ukraine already considering the future after the war is won

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Volodymyr Fedorchuk may have lost his farm business because of the war. But he hasn’t lost heart and he’s ready to start new projects. I first met him years ago, at a Ukraine conference on the use of liquid fertilizers held by a well-known American company. It turned out that we were compatriots. His hometown
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (black line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat, soybean futures end firm

Chicago December corn weakens

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Chicago | Reuters — U.S. wheat futures ended slightly higher on Monday but closed well off their session peaks as traders monitored developments in efforts to keep a Black Sea shipping lane open for Ukraine grain exports. Corn futures sank on seasonal harvest pressure while soybeans firmed on bullish export data, traders said. Wheat surged
CBOT December 2022 soft red winter wheat (candlesticks) with Bollinger bands (20,2), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat drops on firm dollar, hopes for Black Sea talks

Lower wheat, dull demand weigh on corn, soybeans

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Chicago | Reuters — U.S. wheat futures fell on Friday, surrendering all the prior session’s gains on a stronger dollar and hopes of progress in negotiations to maintain a Ukrainian Black Sea grain export corridor. Corn and soybeans followed wheat lower, weighed down by lacklustre demand and pressured by lower energy and equities markets. On
Markets, News

Dry soil in Russia’s south poses risk for 2023 grain crop

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Low soil moisture reserves in Russia’s southern breadbasket pose risks for the 2023 grain crop of the world’s largest wheat exporter, said agriculture ministry official Roman Nekrasov on Oct. 6. Farmers in Russia have accelerated winter wheat sowing after recent rain eased dry soil conditions in some regions last week, though sowing is still delayed

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