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File photo of a small boat flying the Lebanese flag at a marina in Tripoli as a cargo vessel sails in the distance. (Joel Carillet/iStock/Getty Images)
Corn, Crops, Markets, Reuters

Ukraine asks Lebanon to bar Syrian ship carrying ‘stolen’ corn

Corn taken from multiple storage units, Ukraine alleges

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Beirut | Reuters — Ukrainian officials on Thursday asked Lebanon to bar a Syrian state-owned cargo ship carrying allegedly stolen Ukrainian grain from docking in Lebanon’s Tripoli port, according to the Ukrainian embassy and a diplomatic note seen by Reuters. The Ukrainian mission said in comments to Reuters that the Finikia was transporting 6,000 metric […] Read more
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans up as heat risk in focus

Weak demand erodes corn, wheat

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Chicago | Reuters — Chicago soybean futures firmed for a second straight session on Thursday, supported by strong exports and supply uncertainty as hot, dry weather cast uncertainty over U.S. prospects. Corn inched down as the market assessed results from this week’s Pro Farmer crop tour. Wheat eased as traders weighed strong global supplies against […] Read more
(Omersukrugoksu/iStock/Getty Images)
General, Reuters

Russia hits grain facilities at Ukrainian Danube River port

Some 13,000 tonnes of grain destroyed says Ukrainian deputy prime minister

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Reuters – Russian drones struck Ukrainian grain facilities at the Danube River port of Izmail overnight in what a senior official said on Wednesday was a systematic attempt by Moscow to prevent Kyiv exporting grain to the world. Deputy Prime Minister Oleksandr Kubrakov said the port’s export capacity had been reduced by 15% and that […] Read more
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

U.S. says working to identify alternative paths for Ukraine grain

Danube grain facilities attacked overnight

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Washington | Reuters — The United States on Wednesday condemned Russia’s continued attacks on Ukraine’s grain infrastructure and said it was working with partners to identify alternative options to ensure Ukrainian grain exports. “The United States … calls for Russia to immediately return to the Black Sea Grain Initiative,” State Department deputy spokesperson Vedant Patel […] Read more
Chickpea curry. (Modesigns58/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Chickpea market neither bullish nor bearish

Market players awaiting harvest

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MarketsFarm — Hot and dry growing conditions earlier in the growing season cut into Canada’s chickpea yields in 2023-24, but quality should be good if the weather co-operates through the harvest. Canadian farmers planted 315,600 acres of chickpeas in 2023, which was well above the 233,800 acres seeded the previous year, according to Statistics Canada […] 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 down as traders shrug off Russian warning shots

CBOT soybeans close higher

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Chicago | Reuters — Chicago Board of Trade wheat futures set a two-month low on Monday on increasing estimates for Russia’s production and exports, analysts said, shrugging off a Russian warship firing warning shots at a cargo ship on its way to Ukraine. Corn futures finished near unchanged after matching a recent low from 2021, […] Read more
File photo of sunset over port facilities at Odesa. (Mixarde/iStock/Getty Images)
General, Markets, Reuters

Ukraine announces ‘humanitarian corridor’ for other stuck ships

Moscow not yet commenting on plan

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Kyiv | Reuters — Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since the outbreak of war, a new test of Russia’s de facto blockade since Moscow abandoned a deal last month to let Kyiv export grain. At least initially, the corridor would apply […] Read more
Photo: Thinkstock
Cereals, Corn, Crops, Markets, Soybeans, Spring Wheat

CBOT weekly outlook: August forecasts pulling prices down 

Wheat prices went down during the week despite Russia’s withdrawal from Black Sea deal

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MarketsFarm – Recent weather forecasts for much of the United States put pressure on grain prices on the Chicago Board of Trade (CBOT) during the week ended Aug. 2.  Cooler and wetter conditions are expected for the U.S. Midwest during the first half of August, which could help stabilize corn and soybean crops affected by […] Read more
(Omersukrugoksu/iStock/Getty Images)
General, Markets, Reuters

Russia strikes Ukraine’s Danube port, sending global grain prices higher

Port hit on Danube opposite NATO-member Romania; Kyiv says aim is to intimidate shippers considering return

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Kyiv | Reuters – Russia attacked Ukraine’s main inland port across the Danube River from Romania on Wednesday, sending global food prices higher as it ramps up its use of force to prevent Ukraine from exporting grain. The attacks destroyed buildings in the port of Izmail and halted ships in their tracks as they prepared […] Read more

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