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Anti-tank ‘hedgehogs’ are seen in Maidan Nezalezhnosti Square in Ukraine’s capital, Kyiv, on March 9, 2022. Farmers are among those assembling the obstacles, set up to block roads against advancing armoured vehicles. (Yevhen Kotenko/Ukrinform/Abacapress.com via Reuters)
Crops

Bread and war: Farmers in the fight for Ukraine

Agriculture, being the most important industry in Ukraine, will play a large part in the war, a Ukrainian ag journalist writes

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It is very difficult to explain what a person feels when they’re awakened at 5 a.m., when a rocket explodes near their house. That’s exactly what I experienced Feb. 24. The first thing I did was fill my car with gasoline. Then we bought a lot of products we thought we might need — medicines […] Read more
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets, Reuters

Moscow retaliates against sanctions with export bans

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Reuters — Russia sought on Thursday to retaliate against Western sanctions imposed over its invasion of Ukraine by banning exports of certain goods and agricultural commodities. Exporting telecom, medical, auto, agricultural, electrical and tech equipment, as well as some forestry products, will be banned until the end of 2022. “These measures are a logical response […] Read more
(Alkestida/iStock/Getty Images)
Crops, Markets, Reuters, Spring Wheat

Italian ministry tells firms to source durum from Canada

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Rome | Reuters — In the wake of Russia’s invasion of Ukraine, Italian firms can source durum wheat from Canada, the Italian industry ministry said in a statement following meetings on Wednesday with various firms and associations. The statement added that alternative suppliers for clay, iron and sunflower seeds had not yet been found. Ukraine […] Read more
CBOT May 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures limit down as USDA cuts exports

Corn pressured by oil prices, soybeans pare gains

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Chicago | Reuters — Chicago wheat futures hit their daily trading limit on the downside for the second straight day on Wednesday, as the U.S. government cut domestic wheat exports and global markets continue to be roiled by supply disruptions stemming from Russia’s invasion of Ukraine. Soybean futures turned lower after the U.S. Department of […] Read more
CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures down off rally

Corn firm, soybeans strong

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Chicago | Reuters — U.S. wheat futures fell Tuesday, snapping a six-session winning streak, as the market wrestled with supply upheaval caused by Russia’s invasion of fellow grain exporter Ukraine. Wheat prices hit the downside of their daily trading limits during the session but closed well above those lows after Interfax news agency said Russian […] Read more
CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat limit up to 14-year highs

CBOT May corn, soybeans down

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Chicago | Reuters — U.S. wheat futures gapped higher on Monday, notching a limit-up move as it neared an all-time high on concerns that global supply shipments will be disrupted until the Russia-Ukraine conflict is resolved. European wheat has already hit record highs as deepening Western sanctions against Russia fuelled concerns about exports from the […] Read more
CBOT May 2022 wheat (candlesticks) with K.C. May 2022 wheat (orange line) and MGEX May 2022 spring wheat (yellow line). (Barchart)
Crops

U.S. grains: CBOT wheat posts record weekly rise as Ukraine war drives volatility

CBOT corn touches highest price since 2012

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Chicago | Reuters — Chicago Board of Trade wheat futures posted their biggest-ever weekly gain as prices on Friday jumped by their daily limit on deepening fears that Russia’s attack on Ukraine will cause prolonged disruptions to exports from the Black Sea region. Trading was volatile amid uncertainty over how much global demand may shift […] Read more
CBOT May 2022 wheat (candlesticks) with 20-day moving average (dark green line) and CBOT July 2022 and September 2022 wheat (yellow and orange lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat extends run to 14-year high on Russia-Ukraine supply threat

U.S. studying biofuel waiver to fight food inflation

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Chicago | Reuters — Chicago Board of Trade wheat futures galloped to another 14-year high on Thursday as Russia’s invasion of Ukraine increasingly fanned fears of massive disruptions to grain exports from the Black Sea region. Wheat and corn futures advanced by their daily trading limits during a volatile session, though the corn market later […] Read more

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