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
US Grains: wheat futures end firmer amid Black Sea supply worries
Ukrainian officials said Russian air strikes damaged the port of Odesa
Klassen: Feeder market continues climb
Futures spur larger feedlots to lock in ownership
Compared to last week, quality yearling packages traded $6-$10/cwt higher. In some cases, prices were up as much as $12/cwt. Calf markets were relatively unchanged although the market was hard to defined due to limited volumes. Pastures are drying up in Saskatchewan and certain area of eastern Alberta. Yearlings from these regions are coming on […] Read more
Insurers seen reviewing Black Sea ship cover after Russia quits deal
Last ship covered under deal left Sunday
London | Reuters — Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit a UN-backed deal that allows the export of grain through a wartime Black Sea safe corridor, industry sources said. The agreement, brokered by Turkey last July, aimed to alleviate a global […] Read more
Grain shipping deal can operate without Russia, Zelenskyy says
'Blackmail is not allowed for anyone'
Kyiv | Reuters — The Black Sea grain shipment deal must continue and could operate without Russian participation after Moscow’s withdrawal on Monday, Ukrainian President Volodymyr Zelenskyy said. Ukraine, Zelenskyy said in his nightly video address, was a food source for 400 million people. “Africa has the right to stability. Asia has the right to […] Read more
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
U.S. livestock: CME August live cattle touch new high
Hogs lower as China books higher pork output
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures set a new high in the front-month contract on Monday on technical buying and concerns over tightening U.S. supplies, analysts said. August live cattle reached its life-of-contract high of 181.6 cents/lb. before retreating to settle 0.05 cent lower at 180.125 cents/lb. (all figures US$). October […] Read more
Black Sea grain deal expires after Russia quits
United Nations says the move would "strike a blow to people in need everywhere"
United Nations/Moscow | Reuters – A deal allowing the safe Black Sea export of Ukraine’s grain for the past year expired on Monday after Russia quit and warned it could not guarantee the safety of ships in a move the United Nations said would “strike a blow to people in need everywhere.” Moscow suggested that […] Read more
Prairie Forecast Update: Low pushes southeast instead
The area of low pressure that was predicted to develop over central Alberta on Monday, July 17th still looks on track to develop. This will mean clouds and showers over north-central regions of Alberta late on Monday and into early Tuesday. There may be some thunderstorms overnight Monday over south-central regions. This low was originally […] Read more
UN waits for Russian answer as Black Sea deal deadline looms
U.S. says Russia using grain deal 'as a weapon'
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 […] Read more
U.S. EPA denies nearly all biofuel blending exemption petitions
Refineries didn't prove hardship, agency said
New York | Reuters — U.S. President Joe Biden’s administration on Friday denied almost all outstanding petitions from oil refiners asking to be exempted from mandates that require them to mix biofuels into their fuel. The Environmental Protection Agency (EPA), which has the authority to issue the exemptions, denied 26 petitions from 15 small refineries […] Read more
Canadian Cattlemen Presents: Depth of Field
