A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023.

Insurers, Ukraine launch war-risk ship insurance

Program announced in effort to cut grain costs

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

Russia eyes eastern trade routes

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


Interest rates remain of interest to grain traders

Interest rates remain of interest to grain traders

Expert's Radar: A rising U.S. dollar may drag on futures

Much of the attention in North American grain and oilseed markets has shifted to production prospects in South America, as wheat fields develop in Argentina and farmers in Brazil work on seeding their next soybean and corn crops. Weather there will be a major factor on traders’ radar over the next few months, but larger financial and geopolitical issues will

Canola production is down from 2022 and more of it will likely end up with domestic crushers.

Canada’s grain exports remain brisk

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

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.

From Ukraine: Rebuilding in the rubble

Hryhoriy Tkachenko revives his farm after the occupation

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

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.

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

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.

Why are Russian export prices roiling the wheat market?

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

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

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.

From Ukraine: The second summer of war

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

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


Prices for ag imports and services have soared during COVID and the Ukrainian war years.

Comment: War is expensive both on and off the battlefield

However you describe it, war is expensive. For some, it’s extremely profitable, too

Union general William T. Sherman once famously said, “War is hell.” However you describe it, war is expensive. For some, it’s extremely profitable, too. Shooting wars aren’t the only type of warfare that are costly, deadly and often without a winner. In January 2022, the International Monetary Fund estimated the total cost of the COVID-19

A seaport grain terminal damaged during Russian missile and drone strikes in Odesa region, Ukraine on July 19, 2023.

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

What does the move mean for the global food system?

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