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EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
Crops, Markets

More grain for European Union in 2023-24, USDA projects

Larger production seen reducing need for imports

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MarketsFarm — The U.S. Department of Agriculture’s (USDA) attaché in Madrid is projecting an increase in grain production for the European Union (EU) in 2023-24. In USDA’s Global Agricultural Information Network (GAIN) report released Wednesday, the attaché pegged the EU’s 2023-24 grain production at 284.7 million tonnes, 17.9 million more than this year’s crop which […] Read more
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line, left column) and K.C. May 2023 hard red winter wheat (orange line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago futures dip as Ukraine inspections resume

Planting windows seen in U.S. despite rain forecasts

By
Mexico City | Reuters — Chicago grains and soy futures closed lower on Wednesday after inspections of ships carrying Ukrainian grain from the Black Sea resumed, and crude oil’s dip pressured prices down. A Ukrainian official said that “ship inspections are being resumed, despite the RF’s (Russian Federation’s) attempts to disrupt the agreement.” Kyiv faces […] Read more
Trucks wait for crossing into Poland at the Rava-Ruska border checkpoint in Ukraine’s Lviv region on April 17, 2023. (Photo: Reuters/Roman Baluk)
Crops, Markets, Reuters

EU plans import curbs on Ukraine grain, farmer supports for border countries

Grain would be let into five countries only for export

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Brussels | Reuters — The European Union is preparing 100 million euros (C$147.4 million) in compensation for farmers in five countries bordering Ukraine and plans to introduce restrictions on imports of Ukrainian grains. Pressure has mounted on Brussels to work out a European Union-wide solution after Poland and Hungary banned some imports from Ukraine last […] Read more
(Omersukrugoksu/iStock/Getty Images)
Crops, Markets, Reuters

Ukraine agrees with Poland on resumed grain transit

Ukraine also trying to salvage Black Sea grain deal

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Warsaw | Reuters — Poland agreed on Tuesday to lift a ban on the transit of Ukrainian grain and food products, but Ukraine said a wartime deal allowing it to safely ship grain from Black Sea ports was still under threat. Failure to resume exports into eastern European countries or secure an extension of the […] Read more
File photo of a vessel being loaded with grain at a Ukrainian port. (3DFOX/iStock/Getty Images)
Crops, Markets, Reuters

Czech farmers say Ukraine imports squeezing them out of EU grain markets

Government not planning import ban

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Prague | Reuters — Czech farmers have 40 per cent more grains in stock than a year ago as surging Ukrainian exports to European markets have replaced Czech exports, the country’s Agriculture Association said on Tuesday, warning of a potential squeeze in storage capacity. The comments by the lobby group are the latest sign of […] Read more
Trucks wait for crossing into Poland at the Rava-Ruska border checkpoint in Ukraine’s Lviv region on April 17, 2023. (Photo: Reuters/Roman Baluk)
Crops, Markets, Reuters

Bans on Ukrainian grain imports mount as Kyiv seeks transit deal

Poland, Hungary ban imports; Slovakia follows

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Kyiv/Rava-Ruska, Ukraine | Reuters — Slovakia on Monday joined Poland and Hungary in banning grain imports from Ukraine as even Kyiv’s staunchest allies come under domestic pressure to shield their agriculture markets. The heat is mounting on Brussels to work out a European Union wide solution after Warsaw and Budapest announced bans on some imports […] Read more
Flags in front of the European Commission headquarters in Brussels. (Inakiantonana/E+/Getty Images)
Crops, Markets, Reuters, Weather

EU cuts estimate of drought-hit maize crop, raises import outlook

Commission cuts soft wheat exports, raises imports

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Paris | Reuters — The European Commission on Friday cut its estimate of this year’s drought-hit maize harvest in the European Union to a new 15-year low while again raising its projection for this season’s maize imports. European maize (corn) crops endured severe drought and several heatwaves during the crucial summer growth period. The Commission […] Read more
CBOT March 2023 soft red winter wheat (candlesticks) 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: Futures slip on rail strike threat, EU wheat talk

U.S. winter crop ratings at lowest since at least 1986

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Chicago | Reuters — Chicago Board of Trade grain futures fell on Tuesday, amid growing concern over a possible U.S. rail strike and market speculation that U.S. grain buyers were purchasing European Union wheat, traders said. French wheat sales to China and the prospect of Polish or German wheat being booked in the United States […] Read more
File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)
Crops, Markets, Reuters

U.N., Moscow discuss Russian grain, fertilizer exports

Grain not getting to poorer countries, Putin alleges

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United Nations | Reuters — Senior U.N. and Russian officials met in Geneva on Wednesday to discuss Russian complaints that Western sanctions were impeding its grain and fertilizer exports despite a U.N.-brokered deal to boost Russian and Ukrainian shipments of the commodities. The United Nations, Turkey, Ukraine and Russia agreed on July 22 on what […] Read more

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