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CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans dip after data shows crop less damaged than feared

Ukrainian farmers not expected to cut winter wheat area

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Chicago | Reuters — Chicago soybean and corn prices retreated on Tuesday following U.S. government data showing a smaller-than-expected decline in crop conditions than what many analysts had expected. Wheat hit a two-week low as sluggish demand for U.S. supplies and competition from cheap Russian grain limited the upside in prices. The most active soybean
Scenes from the Ukrainian corn harvest. This year farmers are struggling to justify the cost of harvesting due to the war and lack of markets.
News

From Ukraine: The second summer of war

FIRST PERSON | As harvest begins, farmers wonder if they should bother

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A kamikaze drone flew over our house last night. It fell near our fence and exploded. I looked out the window and saw a red flame. Then I opened my eyes and realized it was a nightmare. In the morning, I called my mother. She said she heard a drone over our town at 3 a.m. These soulless killing
A view of the grain terminal at the Black Sea port of Constanta, Romania, May 11, 2022.
News

Romanian PM sees Ukraine grain flowing through country

Black Sea port of Constanta has emerged as best alternative route

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Roughly 60 per cent of Ukraine’s grain exports could transit through neighbouring Romania after Russia quit a U.N.-brokered safe passage deal through the Black Sea, Romanian Prime Minister Marcel Ciolacu said August 18. Ukraine is one of the world’s top grain exporters, and Russia has been attacking its agricultural and port infrastructure after refusing to extend the year-old safe passage corridor.
Global wheat exporters won’t keep up with demand this year, which will draw existing stocks down sharply.
Crops, Grain Markets, Markets

Weather woes, Russia upend outlook for global wheat suppliers

Stockpile levels expected to reach at least a 16-year low in 2023-24

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Drought is expected to send global wheat stockpiles for major exporters to the lowest levels in more than a decade, a Reuters analysis shows. The decline is coming as top supplier Russia intensifies its conflict with Ukraine and creates more uncertainty for importers. Farms in areas of North and South America, Europe and Australia are
File photo of a small boat flying the Lebanese flag at a marina in Tripoli as a cargo vessel sails in the distance. (Joel Carillet/iStock/Getty Images)
Crops, Markets

Ukraine asks Lebanon to bar Syrian ship carrying ‘stolen’ corn

Corn taken from multiple storage units, Ukraine alleges

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Beirut | Reuters — Ukrainian officials on Thursday asked Lebanon to bar a Syrian state-owned cargo ship carrying allegedly stolen Ukrainian grain from docking in Lebanon’s Tripoli port, according to the Ukrainian embassy and a diplomatic note seen by Reuters. The Ukrainian mission said in comments to Reuters that the Finikia was transporting 6,000 metric
(Omersukrugoksu/iStock/Getty Images)

Russia hits grain facilities at Ukrainian Danube River port

Some 13,000 tonnes of grain destroyed says Ukrainian deputy prime minister

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Reuters – Russian drones struck Ukrainian grain facilities at the Danube River port of Izmail overnight in what a senior official said on Wednesday was a systematic attempt by Moscow to prevent Kyiv exporting grain to the world. Deputy Prime Minister Oleksandr Kubrakov said the port’s export capacity had been reduced by 15% and that
Wheat-driven buzz
Grain Markets, Markets

Wheat-driven buzz

Expert’s Radar: Other nations’ output may sway prices at home

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While cleaning out the eavestroughs the other day, I unwittingly disturbed a hidden wasp nest, resulting in at least half a dozen stings on my hands and face. The pain eventually subsided but dealing with the nest turned out to be a bit more difficult than expected as they had found a crack between the
Commercial vessels –including vessels which are part of the Black Sea grain deal — wait to pass the Bosphorus strait off the shores of Yenikapi during a misty morning in Istanbul, Turkey on Oct. 31, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets

U.S. says working to identify alternative paths for Ukraine grain

Danube grain facilities attacked overnight

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Washington | Reuters — The United States on Wednesday condemned Russia’s continued attacks on Ukraine’s grain infrastructure and said it was working with partners to identify alternative options to ensure Ukrainian grain exports. “The United States … calls for Russia to immediately return to the Black Sea Grain Initiative,” State Department deputy spokesperson Vedant Patel
File photo of sunset over port facilities at Odesa. (Mixarde/iStock/Getty Images)
Markets

Ukraine announces ‘humanitarian corridor’ for other stuck ships

Moscow not yet commenting on plan

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Kyiv | Reuters — Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since the outbreak of war, a new test of Russia’s de facto blockade since Moscow abandoned a deal last month to let Kyiv export grain. At least initially, the corridor would apply
A seaport grain terminal damaged during Russian missile and drone strikes in Odesa region, Ukraine on July 19, 2023.
Comment, Op/Ed

Comment: Why Russia pulled out of its grain deal with Ukraine

What does the move mean for the global food system?

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The Russia-Ukraine grain deal that has been critical to keeping global food prices stable and preventing famine is now in tatters. On July 17, Russia said it was pulling out of the year-old deal, which allowed shipments of grains and other foodstuffs to travel past the Russian naval blockade in the Black Sea. To make

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