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File photo of a bulk port facility in Ukraine. (Olivia Sabeskaya/iStock/Getty Images)
Crops, Markets, Reuters

Turkey says Ukraine grain ships could avoid mines

Russia offers safe passage

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Ankara/United Nations | Reuters — Russia on Wednesday said it has offered “safe passage” for Ukraine grain shipments from Black Sea ports but is not responsible for establishing the corridors and Turkey suggested that ships could be guided around sea mines. Ukrainian grain shipments have stalled since Russia’s invasion and ports blockade, stoking global prices […] Read more
File photo of Ukraine’s Agriculture Minister Mykola Solskyi at a “Global Food Security Call to Action” meeting of foreign ministers at United Nations headquarters in New York, on May 18, 2022. (Photo: Reuters/Eduardo Munoz)
Crops, Markets, Reuters

Russia’s war may deprive world of three Ukrainian wheat harvests, minister says

'Significant' decline expected in winter wheat acres

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Kyiv | Reuters — Russia’s invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine’s agriculture minister told Reuters. Ukraine, sometimes known as Europe’s breadbasket, has had its maritime grain export routes blocked by Russia and […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

June USDA report includes few changes or surprises

U.S. corn, soybean carryout projections down from May's

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MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop […] Read more
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets, Reuters

Nutrien to further boost potash output amid global shortage

Company will also speed up nitrogen capacity boosts

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Reuters — Nutrien, the world’s largest fertilizer producer, said Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage. Potash prices have soared since the West imposed sanctions against Russia for Moscow’s […] Read more
(Medioimages/Photodisc/Getty Images)
Crops, Markets

CBOT weekly outlook: Soy prices rise, yields may follow suit

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MarketsFarm — Soybeans were the high-rising crop on the Chicago Board of Trade (CBOT) for the week ended Wednesday, two days before the U.S. Department of Agriculture’s monthly world agriculture supply/demand estimates (WASDE) are released. Old- and new-crop soybeans all rose in tandem during the week, but while old-crop contracts are rising in price due […] Read more
Aerial view of the Nika-Tera port terminal at Mykolaiv, Ukraine from a 2020 corporate video. (Nika-Tera video screengrab via YouTube)
Crops, Markets, Reuters

Russian attack destroys warehouses of major Ukrainian port terminal, owner says

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Kyiv | Reuters — Russian shelling destroyed the warehouses of one of Ukraine’s largest agricultural commodities terminals in the Black Sea port of Mykolaiv over the weekend, authorities and the facility’s owner said Tuesday. The attack came at a time Turkey is trying to develop a U.N.-backed plan to start grain exports from Ukraine’s ports, […] Read more
CBOT July 2022 wheat (candlesticks) with Bollinger bands (20,2), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures drop after rally

Strong cash market supports corn, soy

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Chicago | Reuters — U.S. wheat futures fell 1.9 per cent on Tuesday on a round of profit taking as traders closely monitored prospects for grain exports out of Ukraine. “Wheat continues to ride the wave of varied rhetoric from the Black Sea that seemingly changes by the minute,” Matt Zeller, director of market information […] Read more
CBOT July 2022 wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures rally, pull corn higher

Soy also gains; Ukraine grain export prospects dim

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Chicago | Reuters — U.S. wheat futures surged 5.1 per cent on Monday, supported by concerns about lengthy disruptions to shipments out of Ukraine as fighting intensified in that key grain export country. The strength in wheat spilled over into the corn market, which was on track to snap a streak of four straight negative […] Read more

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