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A still image from a video allegedly showing a Russian strike on a grain elevator in Ukraine.
Farmit Manitoba, News

One step away from world hunger

Ukraine’s woes will soon spill over its borders affecting the globe

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A month ago, a photo of a peasant household in one of the villages of northern Ukraine liberated from Russian troops spread around social networks. The occupiers deliberately scattered the grain over the dirt so that it could not be used. Something similar already happened in Ukraine in 1932-33, when the deliberate genocide of Ukrainians
Stock photo of a grain grower in India. (Triloks/iStock/Getty Images)
Crops, Markets, Weather

India bans wheat exports as heat wave hurts crop, domestic prices soar

Ban could push global wheat prices to new peaks

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Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies
Markets, News

India is not moving to curb wheat exports, official says

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India is not moving to curb wheat exports, the top official at the Food Ministry said on May 4, following an earlier report that the world’s second-biggest producer of the grain was mulling restrictions after a heat wave damaged crops. Food and Farm Ministry officials said India can still easily export at least eight million
(OceanFishing/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Markets react to USDA supply/demand estimates

Wheat data 'surprisingly supportive'

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MarketsFarm — The U.S. Department of Agriculture (USDA) on Thursday released its monthly world agriculture supply/demand estimates (WASDE) — the first to show estimates for the 2022-23 marketing year — and markets reacted quickly. Ryan Ettner, a broker for Allendale Inc. at McHenry, Ill., said that while figures for corn and soybeans were in line
The pace of Russia’s wheat exports is expected to slow in coming weeks.
Grain Markets, News

Russian wheat prices down amid higher domestic supply

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Russian wheat export prices fell in recent days amid higher domestic supply from farmers willing to free up storage before the new crop arrives in summer, analysts said. Russia, one of the world’s largest wheat exporters, continues to export despite difficulties with logistics and payments caused by western sanctions on Moscow over what Russia terms
File photo of a wheat field in India. (Sahil Ghosh/iStock/Getty Images)
Crops, Markets

India sells record 1.4 million tonnes of wheat in April

Sales surge on unavailability of Black Sea supplies

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New Delhi | Reuters — India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. April is the first month of the fiscal year. India, the world’s second
CBOT July 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Chicago grains firm after planting-inspired decline

USDA world report eyed for gauge of Ukraine war, harvest prospects

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Chicago | Reuters — Chicago soybean futures edged up on Tuesday, a day after sliding on macroeconomic worries, as traders assessed U.S. planting progress. Wheat traded near even, pressured by recent rainfall across the U.S. Great Plains, though global supply concerns underpinned the market, while corn traded near even, supported as the pace of planting
What can Canada do to fill the grains gap, and minimize its own risk of fallout?
News

Can Canada make up for Ukraine grain?

Opportunities, limitations, and long-term considerations

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Glacier FarmMedia – Ukraine is the breadbasket of Europe in times of peace. Now that war has initiated the most significant global food security crises in generations, other breadbasket nations face opportunities — and barriers — in filling the void. But what could Canada’s role be? According to the latest report from the Canadian Agri-Food
Standing corn north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)
Crops, Markets

Feed weekly outlook: Corn trading higher than barley

Seeding begins in Alberta

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MarketsFarm — Imported corn from the U.S. is still the grain of choice for feedlots in southern Alberta, despite the fact feed barley is at a slightly lower price right now. Corn traded on Wednesday at around $480 per tonne ($12.19 per bushel) in Lethbridge, said Jim Beusekom, president of Market Place Commodities in Lethbridge.

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