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a field of flowering rapeseed
Grain Markets, Markets

Black Sea deal collapse lifts canola markets

The grain corridor deal collapse has spiked uncertainty over grain supply from Ukraine

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Over the past few months, Russia’s actions toward Ukraine, Turkey and the United Nations regarding the Black Sea Grain Initiative are akin to a teenager threatening to leave home because they didn’t get their way. Most times, sooner or later, the kid relents, and all is back to what resembles normal. Maybe the parents bought
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)
Markets

Russia attacks Ukraine’s vital Danube grain export route

Ukrainian foreign minister calls for global response to 'food terrorism'

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Kyiv | Reuters – Russia destroyed Ukrainian grain warehouses on the Danube River in a drone attack on Monday, targeting a vital export route for Kyiv in an expanding air campaign that Moscow began last week after pulling out of the Black Sea grain deal. Last week’s attacks mostly struck the sea ports of Odesa
Photo: Greg Berg
Cereals, Crops, Markets, Pulses

AAFC lowers Canadian wheat ending stocks estimates

Drop in estimated oats carryout another notable adjustment

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 MarketsFarm – Canadian wheat ending stocks for both the current marketing year and 2023/24 (Aug/Jul) were revised lower by Agriculture and Agri-Food Canada’s market analysis division in its updated supply/demand estimates, released July 21, with tighter oats and pulse stocks also expected.  Wheat ending stocks for 2022/23 were lowered to 3.540 million tonnes by AAFC,
Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)
Crops, Markets

At Ag in Motion: World may face wheat shortage this year

An analyst says millers should be getting antsy

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Wheat is finally becoming a “sexy” crop after years of being the ugly duckling, an analyst says. Stephen Nicholson, global grains and oilseeds strategist for Rabobank, said a series of supply-side threats is making things exciting. Canada’s crops are withering in the fields. MarketsFarm is forecasting 30.4 million tonnes of all-wheat production, well below the
CBOT September 2023 soft red winter wheat with Bollinger bands (20,2), MGEX September 2023 hard red spring wheat (yellow line) and K.C. September 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat, corn fall as Black Sea grain deal expires

Grain traders hope pact may still be renewed

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Chicago | Reuters — U.S. grain futures fell on Monday as Russia’s exit from the Black Sea export deal failed to shock traders. Wheat and corn futures slumped after earlier rising to two-week highs when Russia announced it was leaving the agreement that lets Ukraine export grain through the Black Sea. Russia had long threatened
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

UN waits for Russian answer as Black Sea deal deadline looms

U.S. says Russia using grain deal 'as a weapon'

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United Nations | Reuters — UN Secretary-General Antonio Guterres is still waiting for a response from Russian President Vladimir Putin on a proposal to extend a deal allowing the safe Black Sea export of Ukraine grain beyond Monday, a U.N. spokesperson said on Friday. Guterres wrote to Putin on Tuesday asking him to extend the
Manitoba regional summary of total accumulated precipitation.
Crop Report, Crops, Weather

Crop progress surges in Manitoba, grass conditions for cattle seen fair

Manitoba Crop Report: Issue 8 (week 27)

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Overview  Crop development has been rapid. Rainfall amounts varied with storms moving through the Western and Central regions bringing heavy rain and hail in isolated areas. Fungicide application in spring wheat for fusarium head blight continues as conditions and staging allows. Canola fungicide application has also started as fields reach the correct stage for application.
CBOT November 2023 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans rally on supply worries

Plantings weigh on corn; CBOT wheat also falls

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Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures on Monday rallied for a second consecutive session, following a shockingly low plantings estimate from the U.S. Department of Agriculture (USDA) on Friday. Corn futures eased at the start of this holiday-shortened week, remaining at a 2-1/2 year low, on choppy technical trading, traders

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