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(William_Potter/iStock/Getty Images)
Crops, Markets, Reuters

G7 ag ministers urge end to food export curbs as prices surge

Nations warn against 'speculative behaviour'

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Hamburg | Reuters — Global food exporting countries should not restrict food exports after Russia’s invasion of Ukraine cut world supplies, agriculture ministers of the G7 group of nations said on Friday. The impact on markets escalated this week as a growing list of food producing countries restricted exports, keeping vital supplies within their borders. […] Read more
CBOT May 2022 wheat (candlesticks) with MGEX May 2022 wheat (yellow line) and K.C. May 2022 wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT wheat plummets 9.5 per cent

Corn, soybeans rise on strong exports

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Chicago | Reuters — U.S. wheat futures fell on Thursday, with the most-active Chicago Board of Trade soft red winter wheat contract plunging 9.5 per cent as traders said the rally sparked by Russia’s invasion of Ukraine had made the grain too expensive for potential buyers. “The market is pausing to catch its breath a […] Read more
Anti-tank ‘hedgehogs’ are seen in Maidan Nezalezhnosti Square in Ukraine’s capital, Kyiv, on March 9, 2022. Farmers are among those assembling the obstacles, set up to block roads against advancing armoured vehicles. (Yevhen Kotenko/Ukrinform/Abacapress.com via Reuters)
Crops

Bread and war: Farmers in the fight for Ukraine

Agriculture, being the most important industry in Ukraine, will play a large part in the war, a Ukrainian ag journalist writes

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It is very difficult to explain what a person feels when they’re awakened at 5 a.m., when a rocket explodes near their house. That’s exactly what I experienced Feb. 24. The first thing I did was fill my car with gasoline. Then we bought a lot of products we thought we might need — medicines […] Read more
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets, Reuters

Moscow retaliates against sanctions with export bans

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Reuters — Russia sought on Thursday to retaliate against Western sanctions imposed over its invasion of Ukraine by banning exports of certain goods and agricultural commodities. Exporting telecom, medical, auto, agricultural, electrical and tech equipment, as well as some forestry products, will be banned until the end of 2022. “These measures are a logical response […] Read more
(Alkestida/iStock/Getty Images)
Crops, Markets, Reuters, Spring Wheat

Italian ministry tells firms to source durum from Canada

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Rome | Reuters — In the wake of Russia’s invasion of Ukraine, Italian firms can source durum wheat from Canada, the Italian industry ministry said in a statement following meetings on Wednesday with various firms and associations. The statement added that alternative suppliers for clay, iron and sunflower seeds had not yet been found. Ukraine […] Read more
CBOT May 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures limit down as USDA cuts exports

Corn pressured by oil prices, soybeans pare gains

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Chicago | Reuters — Chicago wheat futures hit their daily trading limit on the downside for the second straight day on Wednesday, as the U.S. government cut domestic wheat exports and global markets continue to be roiled by supply disruptions stemming from Russia’s invasion of Ukraine. Soybean futures turned lower after the U.S. Department of […] Read more
CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures down off rally

Corn firm, soybeans strong

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Chicago | Reuters — U.S. wheat futures fell Tuesday, snapping a six-session winning streak, as the market wrestled with supply upheaval caused by Russia’s invasion of fellow grain exporter Ukraine. Wheat prices hit the downside of their daily trading limits during the session but closed well above those lows after Interfax news agency said Russian […] Read more
CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat limit up to 14-year highs

CBOT May corn, soybeans down

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Chicago | Reuters — U.S. wheat futures gapped higher on Monday, notching a limit-up move as it neared an all-time high on concerns that global supply shipments will be disrupted until the Russia-Ukraine conflict is resolved. European wheat has already hit record highs as deepening Western sanctions against Russia fuelled concerns about exports from the […] Read more

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