global markets Archives

BRICS leaders tout joint finance, trade projects at Russian summit

BRICS leaders tout grain exchange, joint finance at Russian summit

By Gleb Bryanski, Reuters, Vladimir Soldatkin October 23, 2024

Leaders of the nations in the BRICS grouping, which accounts for 37 per cent of global economic output, predicted its influence would grow as they met in Russia on Tuesday, outlining common projects ranging from a grain exchange to a cross-border payments system.

Bulk wheat being loaded on a ship in a Russian port. (YGrek/iStock/Getty Images)

Markets, Reuters

Egypt bets big with historic 3.8 million metric ton wheat tender

By Reuters August 7, 2024

Egypt has launched a massive tender to import 3.8 million metric tons of wheat, its largest ever tender according to traders, as the country seeks to take advantage of a slump in global wheat prices to 4-year lows.

News, Reuters

From Black Sea to US Midwest, extreme weather threatens crop output

Hot, dry weather forecast for Russia, Ukraine in coming months; relief seen for China's corn, soybean crops hit by heatwave

By Naveen Thukral, Reuters June 24, 2024

Forecast dryness in the Black Sea region's breadbasket is likely to stunt sunflower and corn yields, while heavy rain in the United States after near-record temperatures threaten to take a toll on crops, hitting world supplies and pushing prices higher.

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Markets, News, Reuters

Crop woes may lead Russia to narrow grain exports

Russian government says it may declare a nationwide emergency as frost, drought affects crop

By Reuters June 6, 2024

Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB board member Vitaly Sergeуchuk said.

If you manage to get timing right once and miss a big part of a bear market, you must again get it right to buy back at the very bottom.

Columns, Global markets

Trying to time the market can ravage a portfolio

Investing for Fun & Profit: A commitment to invest in stocks means acceptance of their inherent volatility

By Herman VanGenderen April 23, 2024

Many things perceived as impossible are indeed possible — but some aren’t. I just finished reading a book about many of humanity’s greatest discoveries. A theme throughout was how these potential inventions were scoffed at, yet through persistence inventors accomplished the impossible. One of the most satisfying aspects of my agricultural career was proving the […] Read more

A farmer in China piles wheat. Photo: Reuters/File

General, Markets, Reuters

China set for bumper harvests of grains and oilseeds, ministry says

By Reuters, GFM Network News April 19, 2024

China is set for another year of bumper harvest of grains and oilseeds, helped by expanded planting of winter wheat and rapeseed and healthy growth of seedlings, the country's agriculture ministry said on Friday.

The stronger the consensus, the more wrong it usually becomes.

Columns, Global markets, Home Quarter Investing

‘Everybody’ is usually wrong — and why it must be so

Overwhelming strength of sentiment, when few buyers or sellers remain, can bend a trend

By Herman VanGenderen March 12, 2024

Everybody is familiar with the colloquial term “Everybody is doing X.” By “X” we don’t mean “formerly Twitter” — everybody has been writing “X (formerly Twitter)” so I thought I would do the opposite. In this case you’re welcome to fill in whatever you wish for X. Salespeople often use the phrase to help sell […] Read more

On the morning of Dec. 30, the nearby January canola contract apparently hit a new all-time high. Photo: File

Markets

ICE weekly outlook: Virtually no upside for canola

Forthcoming South American soybean harvest a bearish influence

By GFM Network News January 17, 2024

With 2024 well underway, canola has very little reason to get excited, according to analyst Wayne Palmer of Exceed Grain in Winnipeg.

Grain is loaded onto ships for export at a port on the Parana River near Rosario, Argentina on Jan. 31, 2017. (File photo: Reuters/Marcos Brindicci)

Markets

Bulk ocean freight rates fall from highs despite uncertainty

Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions

By GFM Network News January 17, 2024

The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.

File photo of a bulk vessel at a port grain terminal at Constanta, Romania. (Sergii Zhmurchak/iStock/Getty Images)

General, Reuters

Romanian farmers, truck drivers protest near border with Ukraine

Grievances include influx of Ukrainian goods, fuel costs, environmental measures

By Reuters, GFM Network News January 15, 2024

Bucharest | Reuters -- Hundreds of Romanian farmers and truck drivers protested near border crossings with Ukraine and near large cities across the country on Monday amid ongoing negotiations with the government over high business costs.

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News