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Commercial vessels –including vessels which are part of the Black Sea grain deal — wait to pass the Bosphorus strait off the shores of Yenikapi during a misty morning in Istanbul, Turkey on Oct. 31, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets, Reuters

Russia suggests renewing Black Sea grain deal for shorter term

Moscow says sanctions have created barriers for its exports

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Geneva | Reuters — Moscow is suggesting to renew a deal allowing the safe export of grain from Ukraine’s Black Sea ports — but only for a period of 60 days, half the term of the previous renewal, Russian Deputy Foreign Minister Sergei Vershinin said on Monday. Vershinin’s statement came after talks with U.N. officials […] Read more
File photo of Black Sea port facilities at Odesa, Ukraine. (Leskas/iStock/Getty Images)
Crops, Markets, Reuters

Russia denies slowing inspections for Ukraine grain ships

Ukraine alleges slow pace 'probably with intent'

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Ankara | Reuters — Russia’s ambassador to Turkey said on Friday that Moscow sends its representatives to more ship inspections in Istanbul per day than mandated under the Black Sea grain deal, rejecting a Ukrainian accusation that Russia is slowing down the process. Ukraine’s grain exports have proceeded more slowly since a U.N.-brokered deal was […] Read more
A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)
Crops, Markets

Ocean freight rates under pressure

Container rates also lower

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MarketsFarm — Ocean freight rates have come under pressure over the past month, nearing their lowest levels of 2022 as mounting COVID-19 cases in China, along with increased restrictions in the country, have contributed to concerns over declining demand. The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, settled at 1,149 points […] Read more
Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey on Nov. 2, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets, Reuters

Reasons for optimism seen on renewal for Ukraine grain deal

Deal set to roll over on Saturday

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Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more
Bridge Agri Partners’ Katrime, Man. facility is built around a former Manitoba Pool Elevators site that company divested in 2001 during the formation of Agricore United (now part of Viterra). (BridgeAgriPartners.com)
Crops, Markets

Andersons buys grains broker Bridge Agri Partners

Lethbridge business will keep existing name

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Lethbridge grain marketing and handling firm Bridge Agri Partners has been taken up by U.S. grain and ag input firm The Andersons. Bill Krueger, president of The Andersons’ trade and processing arm, said in a release Nov. 1 it had bought the Prairie company for an undisclosed amount, its goal being “to expand our pet […] Read more
File photo of barley being unloaded at a grain terminal in Ukraine on June 23, 2022. (Photo: Reuters/Igor Tkachenko)
Crops, Machinery, Markets, Reuters

Ukrainian farmers turn to U.N.-supplied grain sleeves for storage

'Last year's harvest still hasn't been sold'

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Kyiv | Reuters — On a crisp and sunny November morning, Ukrainian farmers lined up to collect U.N.-supplied grain sleeves to store crops over winter as the country faces a significant shortage of storing capacity caused by Russian shelling. Ukraine has said it may lack up to 15 million tonnes of regular grain storage capacity […] Read more
(PortOfThunderBay.com)
Crops

Thunder Bay grain shipments up in October

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MarketsFarm — The Port of Thunder Bay saw an increase in its grain handle in October 2022, moving 840,000 tonnes during the month. The grain exports were up by 33 per cent from September and up by eight per cent from October 2021, according to a news release. The increase was seen as a return […] Read more
Brandt’s new DXT series grain carts are available in four models from 1,150-bushel to 2,500-bushel capacities.
Equipment, Machinery

New grain cart from Brandt

DXT series offers left- or right-side unload auger

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For the second time this year, Brandt has added a new product to its product line — the DXT series grain cart line. These dual-auger models offer a choice of either a left- or right-side unloading auger. No matter which side you prefer to fill trucks on, the DXT carts can do it quickly. “We […] Read more

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