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A seaport grain terminal damaged during Russian missile and drone strikes in Odesa region, Ukraine on July 19, 2023. (Photo: Ukrainian Infrastructure Ministry via Facebook/Handout via Reuters)
Crops

Russia destroyed 300,000 tonnes of grain since July in attacks, Kyiv says

Port damage cuts export potential 40 per cent, deputy PM says

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Kyiv | Reuters — Russia has destroyed almost 300,000 metric tonnes of grain since July in attacks on Ukraine’s port facilities and on ships, the Ukrainian government said on Friday, underscoring the war’s threat to global food security. In summer, Moscow quit a U.N.-brokered deal that had allowed exports of Ukrainian grain through the Black
Soldiers of the Mobile Anti-Drone Group of the 160th Air Defense Missile Brigade of the Ukrainian Armed Forces during a Shahed drone detection and destruction training near Odessa, Ukraine, October 10, 2023.
News, Other

Comment: Mixed signals among Kyiv’s allies hint at growing conflict fatigue

It is now almost 600 days since Russia launched its invasion of Ukraine

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Russia’s invasion of Ukraine and the following war has tested the resilience of both countries, but it has also tested Ukraine-supporting nations in the West. This much was evident from the mixed reception Ukraine’s president, Volodymyr Zelenskyy, received when he visited the U.S. and Canada in late September. Meanwhile, tensions in Europe over Ukrainian support
With Russia having a huge surplus, shipments from war-torn Ukraine curtailed and drought reducing harvest prospects in other exporting countries, the international market looks more reliant on Russian wheat this season.
News

Why are Russian export prices roiling the wheat market?

Dissecting the factors around Russia’s grain movement and its impact on global markets

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Reuters – Russian wheat offers at a recent import tender by Egypt were all made at the same price, highlighting what traders classify as behind-the-scenes intervention by Russia’s government that is sowing confusion about the world’s biggest wheat-exporting country. Here is a more detailed look at what is happening: Russian policy In March, sources told
File photo of barley being unloaded at a grain terminal in Ukraine on June 23, 2022. (Photo: Reuters/Igor Tkachenko)
Crops, Markets

U.N. held talks in Russia on Monday on grain, fertilizer exports

'Unimpeded access' sought for Ukrainian, Russian grain

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United Nations | Reuters — Top United Nations trade official Rebeca Grynspan met with Russian officials in Moscow on Monday for talks aimed at enabling the “unimpeded access” to global markets for grain and fertilizer from Russia and Ukraine, a U.N. spokesperson said. U.N. aid chief Martin Griffiths also attended the meetings virtually, U.N. spokesperson
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

Britain says Russia may target civilian shipping with mines in Black Sea

Intel suggests goal is to deter Ukraine grain exports, Britain says

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London | Reuters — Russia may use sea mines to target civilian shipping in the Black Sea, including by laying them on the approach to Ukrainian ports, the British government said on Wednesday citing intelligence. Russia in July pulled out of a deal that had allowed Ukraine to safely ship food products out through what
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’s leverage on grain to decline, senior U.S. official says

Attacks on ships may hurt pricing

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New York | Reuters — Russia’s leverage over Ukraine’s export of grain via the Black Sea will likely erode in weeks to come as more ships are able to leave Ukrainian ports and rising costs could prompt Moscow to reconsider its abandonment of the grain deal, a senior U.S. State Department official said. James O’Brien,
(Dave Bedard photo)
Crops, Markets

Cargill agrees to sell stake in Russian grain terminal

Buyer says deal under government review

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Reuters — U.S.-based commodities trader Cargill said on Thursday it had agreed to sell its stake in a Russian grain terminal to Russia’s Delo Group. “In line with Cargill’s earlier announcement to stop the export of Russian grain in July 2023, we can confirm we have reached an agreement with Delo to sell our 25
A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023. (Photo: Yulii Zozulia/Nurphoto via Reuters Connect)
Crops, Markets

Russian Agricultural Bank could have SWIFT access within 30 days, U.N. tells Moscow

Russia seeking 'actual exemptions' from sanctions

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Reuters — A Russian Agricultural Bank subsidiary in Luxembourg could immediately apply to SWIFT to “effectively enable access” for the bank to the international payments system within 30 days, the United Nations told Russia in a letter, seen by Reuters on Friday. “SWIFT has confirmed that RSHB Capital S.A. would be eligible to apply for
CBOT November 2023 soybeans with 20-, 30- and 50-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy futures stumble as trade awaits harvest, crop data

U.S. corn harvesting starts early in some areas

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Chicago | Reuters — U.S. soybean futures fell on Thursday as grain traders waited for farmers to harvest their fields and the government to release updated crop estimates next week. Most-active soybean futures ended down 16-3/4 cents at $13.59-1/2 a bushel at the Chicago Board of Trade (all figures US$). CBOT wheat futures declined 9-1/4
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

UN working on guarantees for Russia to restore grain deal, Moscow skeptical

Bombing of Ukraine ports, grain facilities erodes other partners' goodwill, Guterres says

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Reuters — The United Nations is “actively engaged” in trying to improve Russia’s grain and fertilizer exports in a bid to convince Moscow to again allow the safe Black Sea export of Ukraine grain, Secretary-General Antonio Guterres said Thursday. “We believe that it’s necessary to create a system of mutual guarantee,” Guterres told reporters on

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