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CBOT September 2023 soft red winter wheat with Bollinger bands (20,2), MGEX September 2023 hard red spring wheat (yellow line) and K.C. September 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn fall as Black Sea grain deal expires

Grain traders hope pact may still be renewed

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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
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)
General, Reuters

Black Sea grain deal expires after Russia quits

United Nations says the move would "strike a blow to people in need everywhere"

By
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
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)
Crops, Markets, Reuters

UN waits for Russian answer as Black Sea deal deadline looms

U.S. says Russia using grain deal 'as a weapon'

By
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
(Jimfeng/iStock/Getty Images)
Crops, Markets, Reuters

U.S. EPA denies nearly all biofuel blending exemption petitions

Refineries didn't prove hardship, agency said

By
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
CBOT September 2023 soft red winter wheat with 20-day moving average, MGEX September 2023 hard red spring wheat (yellow line) and K.C. September 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn rise as Ukraine shipping deal set to end

Soybeans mixed on profit-taking, supply questions

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Chicago | Reuters — U.S. wheat futures rose on Friday as drought conditions in Canada and the northern Plains continue to weigh on the market, as does uncertainty over the future of Ukraine’s wartime grain export shipping deal that is set to expire on Monday. Corn followed wheat up on yield concerns and technical trading. […] Read more
(Geralyn Wichers photo)
Crops, Weather

Weather outlook not great for Prairie crops

U.S. northern Plains in a similar boat

By
MarketsFarm — Just when crops across the Canadian Prairies need rain, the outlook to the end of July according to Drew Lerner of World Weather Inc. pointed to conditions getting hotter and drier. “It does not look really good at the moment. We are going to see below normal rainfall and warmer than normal temperatures […] Read more
(Photo courtesy Canola Council of Canada)
Crops, Machinery

Preview: Railways, grain shippers at loggerheads over interswitching

Pilot to test expanded radius deemed unnecessary by both sides

By
Recent legislation has raised the stakes in a decade-long battle between the railways and Canadian grain shippers over the interswitching radius. Interswitching refers to a regulation to ensure shippers located where only a single railway operates can access points that are not served by that railway. The issue is especially concerning for Canadian grain shippers […] Read more
A Belize-flagged bulker, carrying grain under UN’s Black Sea Grain Initiative, transits the Bosphorus at Istanbul on May 12, 2023. (File photo: Reuters/Yoruk Isik)
Crops, Markets, Reuters

UN scrambles to save Black Sea deal ahead of Monday deadline

Russia says has not yet taken final decision

By
United Nations | Reuters — The European Commission is helping the United Nations and Turkey try to extend a deal allowing the Black Sea export of Ukraine grain and is open to “explore all solutions,” a European Union spokesperson said on Thursday, ahead of the deal’s possible expiration on Monday. The U.N. and Turkey brokered […] Read more
CBOT December 2023 corn with Bollinger bands (20,2) and U.S. dollar index (black line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy rally as focus returns to weather, dollar

Wheat traders keep one eye on Black Sea deal

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Chicago | Reuters — U.S. corn futures bounced on Thursday on bargain buying after hitting a 2-1/2-year low early in the session while soybeans rose three per cent as traders shifted their focus back to uncertain crop weather and worries about supplies, analysts said. A slump in the U.S. dollar lifted wheat as well as […] Read more
Aerial view of Centerm, a Burrard Inlet terminal for containerized cargo at the Port of Vancouver. (Bloodua/iStock/Getty Images)
General, Machinery, Markets

B.C. waterfront work to resume ‘as soon as possible’

BCMEA, ILWU reach tentative four-year deal

By ,
Striking longshore workers and their management are “finalizing details” for work to resume at Canada’s West Coast ports after a tentative deal was reached Thursday. The B.C. Maritime Employers Association said in a release Thursday morning it had reached a tentative pact with the International Longshore and Warehouse Union (ILWU Canada) on a new four-year […] Read more

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