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(Laura Rance photo)
Crops, Reuters

Corteva cuts U.S. jobs while exiting Russia

California plant produces seed for sunflower growers

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Chicago | Reuters — Seeds and pesticides company Corteva will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe […] Read more
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, wheat futures fall on fund selling

Soybean futures rise

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Chicago | Reuters — U.S. corn and wheat futures dipped on Friday, with concerns about a weakening global economy deterring traders from extending gains made earlier this week. “Fund managers continue to interpret their supply and demand fundamentals through a lens coloured by recession fears,” Arlan Suderman, chief commodities economist at brokerage StoneX, said in […] Read more
CBOT March 2023 soybeans with 10-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybean futures rise

Chicago wheat, corn values fall

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Chicago | Reuters — U.S. soybean futures rose on Tuesday, supported by a round of bargain buying after two days of losses as well as signs that export demand remains strong, traders said. Corn and wheat futures weakened on a round of profit taking after hitting 10-day highs early in the session, with light demand […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn up on Black Sea export concerns

Chicago January soy falls

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Chicago | Reuters — U.S. wheat and corn futures rallied on Monday after a weekend attack that temporarily shut down key port for Ukrainian exports raised concerns about disruptions to grain shipments, traders said. Soybean futures dropped following rains in Argentina that alleviated concerns about crop shortfalls from that key export country. News that the […] Read more
File photo of a train in Belarus. (Dimarik/iStock/Getty Images)
Crops, Markets, Reuters

Belarus to allow Ukraine grain transit with no preconditions, U.N. says

Belarus still wants sanctions lifted off fertilizer

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United Nations | Reuters — Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow’s Feb. 24 invasion of Ukraine, said in […] Read more
File photo of Black Sea port facilities at Odesa, Ukraine. (Leskas/iStock/Getty Images)
Crops, Markets, Reuters

Russia denies slowing inspections for Ukraine grain ships

Ukraine alleges slow pace 'probably with intent'

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Ankara | Reuters — Russia’s ambassador to Turkey said on Friday that Moscow sends its representatives to more ship inspections in Istanbul per day than mandated under the Black Sea grain deal, rejecting a Ukrainian accusation that Russia is slowing down the process. Ukraine’s grain exports have proceeded more slowly since a U.N.-brokered deal was […] Read more
Grain ships carrying Ukrainian grain are seen in the Black Sea, amid Russia’s attack on Ukraine, near Ukrainian port of Odesa, Ukraine Oct. 30, 2022. (Photo: Reuters/Serhii Smolientsev)
Crops, Reuters

Black Sea grain export deal extended

Deal's terms unchanged; Moscow to still seek removal of obstacles to grain, fertilizer exports

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Reuters — A deal aimed at easing global food shortages by helping Ukraine export its agricultural products from Black Sea ports was extended for four months on Thursday, though Russia said its own demands were yet to be fully addressed. The agreement, initially reached in July, created a protected transit corridor and was designed to […] Read more
Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey on Nov. 2, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets, Reuters

Reasons for optimism seen on renewal for Ukraine grain deal

Deal set to roll over on Saturday

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Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more

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