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)

Russia attacks Ukraine’s vital Danube grain export route

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

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 […] Read more

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

U.S. Grains: wheat futures drop, corn weak, soybeans mixed

Market going "from forecast to forecast" says expert

Chicago | Reuters – U.S. wheat futures dropped 4.1 per cent on Friday, with traders locking in profits from a rally sparked by escalations in the Russia-Ukraine war that raised the prospects of export disruptions from the two key global suppliers. Corn futures also were weaker, pressured by forecasts that showed more rain and cooler temperatures in […] Read more


Photo: File

Fund position flips to net long in canola

The last time the market was showing a net long position was the first week of January

MarketsFarm – The managed money position in canola flipped from a net short to a net long for the first time in six months during the week ended July 18, as fund traders covered short positions and put on new bullish bets, according to the latest Commitments of Traders report from the United States Commodity […] Read more

  Photo: Greg Berg

AAFC lowers Canadian wheat ending stocks estimates

Drop in estimated oats carryout another notable adjustment

 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, […] Read more


File photo of Black Sea port facilities at Odesa, Ukraine. (Leskas/iStock/Getty Images)

Russian diplomat accuses Ukraine of using Black Sea grain corridor for attacks

Russia says it's negotiating exports of food to countries most in need

Moscow | Reuters – Russian Deputy Foreign Minister Sergei Vershinin on Friday accused Ukraine of using a grain export corridor in the Black Sea to launch “terrorist attacks” against Russian interests, including one this week on the Crimean Bridge. Vershinin was addressing a briefing about Russia’s decision on Monday to quit the year-old Black Sea […] Read more

Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)

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

An analyst says millers should be getting antsy

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 […] Read more


Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)

U.S. Grains: CBOT wheat futures dip after rally; corn, soybeans also lower

Wheat futures had risen in four of the previous five sessions

Chicago | Reuters – Chicago Board of Trade wheat futures dipped on Thursday but remained near recent peaks as a third night of Russian attacks on Ukrainian ports renewed concerns about disruptions to exports needed to meet world demand and stave off rising food prices. Wheat futures had risen in four of the previous five […] Read more

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U.S. grains: wheat sees biggest jump since aftermath of Russia’s invasion of Ukraine

Soybean futures have risen for five sessions in a row

Chicago | Reuters U.S. wheat futures jumped 8.5% on Wednesday, their biggest daily gain since days after Russia’s invasion of Ukraine, as intensification of the war threatened to slow grain export shipments from a major global supplier. The benchmark Chicago Board of Trade soft red winter wheat contract Wv1 briefly touched its daily trading limit […] Read more


The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

US Grains: wheat futures end firmer amid Black Sea supply worries

Ukrainian officials said Russian air strikes damaged the port of Odesa

Chicago | Reuters – Chicago Board of Trade wheat futures finished stronger on Tuesday after Ukrainian officials said Russian air strikes damaged infrastructure at the port of Odesa, a day after Moscow quit the Black Sea grain export deal. The strikes diminished some expectations that Russia may still renew the export deal, analysts said. Markets […] Read more

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)

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

Grain traders hope pact may still be renewed

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 […] Read more