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Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly: Mostly bullish influences on soy, corn, wheat

China increasing imports, Brazil in weather bind

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MarketsFarm — While extreme weather differences in Brazil remained the main focus of the Chicago Board of Trade’s attention, increased imports by China were becoming another major factor, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. “People are watching China’s increased demand for soybeans, wheat and potentially corn,” Reilly said, noting the
A display of civilian vehicles destroyed in the war in Kyiv.
News

From Ukraine: Civilian cars and ancient farm machinery

[FIRST PERSON ]Ukraine’s history of making do pays off in wartime as farmers support the war

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Ukraine’s agriculture is diverse and so is the equipment on Ukrainian farms. Near my town, a German-made NEXAT transformer unit is working in the fields and is one of few in the world. It’s a massive all-in-one machine that handles every step in crop production: spring cultivation, seeding, crop protection and harvesting. While this is the cutting edge, you’ll
A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023.
News

Insurers, Ukraine launch war-risk ship insurance

Program announced in effort to cut grain costs

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Reuters – Insurance broker Marsh, Lloyd’s of London insurers and Ukrainian state banks have launched a program to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor, Marsh said Nov. 15. Kyiv launched a “humanitarian corridor” in August for ships bound for Africa and Asia to
File photo of sunset over port facilities at Odesa. (Mixarde/iStock/Getty Images)
Crops

Ukraine could fail to meet future wheat demand if attacks continue, UN agency warns

Report shows 31 attacks on grain facilities since mid-July

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United Nations | Reuters — The United Nations World Food Programme (WFP) warned on Tuesday that Ukraine’s wheat production may be unable to meet domestic and export demand in the years to come if Black Sea export routes remain blocked and attacks on food infrastructure continue. WFP’s Ukraine director, Matthew Hollingworth, said a forthcoming report
Photo: Reuters/Ben Nelms/File
Crops, Markets

IGC raises world crop projections

If realized, the world wheat crop will the second largest on record

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Projected worldwide wheat, corn and soybean production in 2023/24 was raised by the International Grains Council in its latest update, with better-than-expected corn yields in the United States and larger Black Sea wheat crops behind the adjustment.
Markets, News

Russia eyes eastern trade routes

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Reuters – Russian President Vladimir Putin called for the development of wheat and fertilizer cargo transport routes in Asia during a visit to Kazakhstan Nov. 9 as Moscow looks for export routes due to Western sanctions.  Chairing a conference on agricultural co-operation with Kazakh President Kassym-Jomart Tokayev, Putin said Russia would have about 60 million
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets

Nutrien misses quarterly profit estimates as potash prices plummet

Fertilizer demand expected to rise in Q4

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Reuters — Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. These exports had been significantly restricted last year following Western sanctions imposed on Russia in response to its invasion
Canola production is down from 2022 and more of it will likely end up with domestic crushers.
Grain Markets, Markets

Canada’s grain exports remain brisk

Export's Radar: Any unrest in the Middle East will sway energy and financial markets

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Harvest operations are wrapping up across the Prairies and attention in grain markets is turning to outside influences. Exports Canadian canola exports were running at a solid pace through the first 10 weeks of the 2023-24 marketing year, but that pace will be hard to maintain. Production was down on the year and more of
A service in the interior of the damaged church. Local farmers are helping in its restoration.
News, Other

From Ukraine: Rebuilding in the rubble

Hryhoriy Tkachenko revives his farm after the occupation

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One and a half years have passed since the invasion of Russian troops into Ukraine. The farm of Hryhoriy Tkachenko came under attack in the first days of the war. During the three weeks of occupation, the farm was so badly damaged that he still cannot restore everything. It was the near-total destruction of 20 years of work. He

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