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)

Russia’s leverage on grain to decline, senior U.S. official says

Attacks on ships may hurt pricing

New York | Reuters — Russia’s leverage over Ukraine’s export of grain via the Black Sea will likely erode in weeks to come as more ships are able to leave Ukrainian ports and rising costs could prompt Moscow to reconsider its abandonment of the grain deal, a senior U.S. State Department official said. James O’Brien, […] Read more

Barley. (Doug Wilson photo courtesy ARS/USDA)

Feed weekly outlook: Harvest pressure, looming corn imports weigh on barley bids

Some yields turn out 'better than expected'

MarketsFarm — Seasonal harvest pressure and expectations for large corn deliveries from the United States should limit any upside potential in feed barley bids in Western Canada for the foreseeable future despite this year’s smaller crop. “We’re getting some better-than-expected yields (in central Alberta), so there is some harvest pressure with guys needing to move […] Read more


CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans fall to one-month low on export woes

CBOT corn, wheat end down

Chicago | Reuters — U.S. benchmark soybean futures fell below US$13 a bushel on Thursday for the first time in a month while corn and wheat futures held near multi-year lows on downbeat weekly export sales, an expanding U.S. harvest and economic worries, analysts said. Chicago Board of Trade November soybeans settled down 26-1/4 cents […] Read more

File photo of a bulk vessel at a port grain terminal at Constanta, Romania. (Sergii Zhmurchak/iStock/Getty Images)

Romania, Ukraine to work on grain import-export licensing system

Three other EU countries have bans in place

Bucharest | Reuters — Romania will work with Ukraine over the next 30 days on a grain export control plan that will help protect Romanian farmers, Agriculture Minister Florin Barbu said on Wednesday. Romania is among five eastern European Union countries along with Bulgaria, Hungary, Poland and Slovakia that saw a surge of Ukrainian grain […] Read more


ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Which way will canola go?

Basis levels have recently improved

MarketsFarm — As September winds down, ICE Futures canola is poised to either climb higher or fall back, according to analyst Errol Anderson, president of ProMarket Communications in Calgary. That movement will largely be determined by the direction taken by November soybeans on the Chicago Board of Trade, which currently has support at US$13 per […] Read more

A soybean field north of St. Adolphe, Man. on Sept. 17, 2023. (Dave Bedard photo)

CBOT weekly outlook: Funds getting out of soybeans

Potential for U.S. government shutdown a concern

MarketsFarm — While corn and wheat prices on the Chicago Board of Trade (CBOT) stayed fairly steady during the week ended Wednesday, soybean prices steadily declined. The November soybean contract dropped 30 cents per bushel from one week ago to close Wednesday at $13.1975/bu. (all figures US$). During the same week, December corn only lost […] Read more


CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn futures extend bounce from multi-year low

CBOT wheat, soybeans end firm

New York | Reuters — Chicago corn futures ended higher on Wednesday, extending a rebound from this week’s near three-year lows, while wheat climbed on a pickup in global export business and soybeans followed grain prices higher. Benchmark Chicago Board of Trade (CBOT) corn climbed six cents, or 1.26 per cent, to settle at $4.82-1/4 […] Read more

(Juanmonino/E+/Getty Images)

Kyiv acts on ‘compromise’ plan after filing WTO complaint over food ban

Three EU countries have restricted Ukraine grain imports

Kyiv | Reuters — Ukraine appealed to three neighbouring countries in the European Union on Tuesday to embark on “constructive dialogue” to end a dispute over agricultural trade, and approved what it called a “compromise scenario.” Poland, Slovakia and Hungary announced restrictions on imports from Ukraine on Friday after the European Commission decided not to […] Read more


CBOT December 2023 corn with Bollinger bands (20,2). (Barchart)

U.S. grains: Corn up off near-three-year lows

CBOT soybeans, wheat end lower

New York | Reuters — U.S. corn futures rose on Tuesday on bargain-buying after prices touched the lowest levels in nearly three years, but gains were limited by expectations of an ample harvest and weak export demand, traders said. Soybeans ended lower after choppy trading, setting a one-month low on pressure from better-than-expected U.S. crop […] Read more

(Iggi_Boo/iStock/Getty Images)

Pulse weekly outlook: Canada’s prices well supported given smaller crops

Dispute between Canada, India to be watched closely

MarketsFarm — Canadian pulse production came in well below average in 2023, keeping prices supported for the time being. Total pea production was pegged at 2.27 million tonnes by Statistics Canada on Thursday. That was up slightly from the 2.19 million tonnes forecast in August, but well off the 3.42 million tonnes grown the previous […] Read more