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Grain farmer Oleksandr Klepach points at trenches in his field, amid Russia’s invasion of Ukraine, in Snihurivka, southeast Ukraine.
Global markets, News

Facing minefields and cash crunch, Ukraine farmers to sow smaller crop

As spring draws nearer, the farmers of this global breadbasket face growing challenges

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Facing fields full of mines and short of cash, many Ukrainian farmers are likely to sow a smaller area this spring than they did following Russia’s invasion, in what could be a further blow to global food supplies after disruptions last year. Ukraine is a major supplier of wheat and corn to world markets. Production
A combine harvests wheat in a field near the village of Zghurivka, amid Russia’s attack on Ukraine, in Kyiv region on Aug. 9, 2022.
Global markets, News

War pushes grain supplies into danger territory

ANALYSIS | Patchwork fixes to Ukraine grain shortfall leave world vulnerable a year into war

By
A patchwork of fixes and increased crop plantings around the world to counter the impact of war in Ukraine on global grain supplies are not enough to ward off further risks of disruption. Extensive damage to Ukraine’s farm sector and uncertainty that the United Nations’ grain export corridor deal will be renewed this month suggest
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

Insurers covering Ukraine grain corridor shipments for now

More clarity needed soon, Lloyd's exec says

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London | Reuters — Insurers continue to cover grain shipments from Ukraine through a United Nations-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The deal allowing the safe wartime export of Ukrainian grain from
A sapper of the State Emergency Service inspects an area for mines and unexploded shells in Ukraine's Kharkiv region on March 21, 2023.
Editorial, Op/Ed

Editor’s Take: A season of uncertainty looms

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The world is once again facing a growing season in the Northern Hemisphere that’s shrouded in uncertainty. A little uncertainty is nothing new, but over the past few years, things have reached a whole new level. As you’ll read on pages 6 and 7 of this issue, few unknowns are larger than what’s going to
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

U.S. pushes back against Russian demands linked to Ukraine grain deal

Russian food, fertilizer already carved out from sanctions, U.S. says

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United Nations | Reuters — The United States pushed back on Russian demands that Western sanctions be eased before it allows Ukrainian Black Sea grain exports beyond mid-May, saying there were no restrictions on Russian agricultural products or fertilizer. Moscow’s demands include allowing the Russian Agricultural Bank to return to the SWIFT banking system and
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

Ukraine Black Sea grain deal extended for at least 60 days

UN, Turkey not yet specifying extension's duration

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Ankara/United Nations | Reuters — A deal allowing the safe Black Sea export of Ukrainian grain was renewed on Saturday for at least 60 days — half the intended period — after Russia warned any further extension beyond mid-May would depend on the removal of some Western sanctions. The pact was brokered with Russia and
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

UN backs Turkey, Ukraine in call for 120-day grain deal rollover

Text of original deal calls for 120, UN says

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United Nations | Reuters — The United Nations backed Turkey and Ukraine on Thursday by calling for a 120-day rollover of an agreement allowing the safe export of grain from several Ukrainian Black Sea ports after Russia said it would only extend the pact for 60 days. The pact is due to expire on Saturday.
CBOT May 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Wheat, corn rally from multi-month lows

Ukraine corridor talks eyed

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Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, rebounding from multi-month lows set last week, as Wall Street equity markets turned higher and signs of fresh grain export demand emerged, analysts said. Uncertainty about talks to extend a wartime grain export corridor from Ukraine lent support. Soybean futures posted smaller advances
Despite the challenges caused by the war, Bernatsky got the corn crop off.
Farmit Manitoba, News

From Ukraine: The goal now is to save the farm

How a well-known Ukrainian farmer survived a year of war and now views the future

By
Colleagues from other countries often ask me about the situation of Ukrainian farmers. It is difficult for me to answer this question, because every farmer is in their own unique circumstances. The main thing that unites them is the understanding that life will not be the same for a long time, if ever. To describe

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