Russia Archives - Page 51 of 56

(Michael Thompson photo courtesy ARS/USDA)

U.S. grains: Wheat up on talk of Russia curbing exports

By GFM Network News January 25, 2016

Chicago | Reuters — U.S. wheat futures climbed to a one-week high on Monday on short-covering and concerns about the possibility that Russia might limit exports, traders said. Soybeans rose, led by soymeal, while corn ended nearly unchanged. At the Chicago Board of Trade, March wheat settled up six cents at $4.81-1/2 per bushel (all […] Read more

Crops, Reuters

Russia considering export duties on fertilizers

By Reuters, GFM Network News January 25, 2016

Stavropol | Reuters –– Russia’s government is looking into introducing duties on exports of mineral fertilizers to make them more affordable for the country’s farmers, President Vladimir Putin said Monday. Meeting his loyalists from the pro-Kremlin public movement, the All-Russia People’s Front, Putin heard compalints from a farmer saying that massive exports of mineral fertilizers […] Read more

Crops, Markets, Reuters, Spring Wheat, Winter Wheat

Russian ministry proposes reducing wheat export tax

By Reuters, GFM Network News December 21, 2015

Moscow | Reuters — Russia’s agriculture ministry has proposed that the government reduce or cancel its wheat export tax due to rouble volatility and a decline in global wheat benchmarks, the Interfax news agency reported, citing first deputy minister Evgenii Gromyko. The rouble has lost about six per cent against the U.S. dollar since the […] Read more

Cereals, Crops, Markets, Reuters

Russia, China sign accords on grain quality control

By GFM Network News December 18, 2015

Reuters — Moscow and Beijing have signed agreements on the control of grain quality, which technically open the Chinese market to Russian grain. Russian food safety watchdog Rosselkhoznadzor and the Chinese government body in charge of quality control signed two food safety documents on Russian wheat, corn (maize), rapeseed, soybean and rice supplies at a […] Read more

Crops, Markets, Reuters, Weather

Russia aiming for steady grain crop in 2016

By Reuters, GFM Network News December 15, 2015

Moscow | Reuters –– Russia, one of the world’s largest wheat exporters, is aiming for an unchanged grain harvest in 2016 compared with the current year, the agriculture ministry said Tuesday. If the weather remains favourable during the winter and spring, Russia, a major wheat supplier to Turkey, Egypt and Iran, will harvest a large […] Read more

Crops, Markets, Reuters

Russia-Turkey tensions stymie new wheat deals

By GFM Network News November 27, 2015

Reuters — Political tension between Russia and Turkey has put a brake on new wheat deals between the two countries and created uncertainty about existing agreements, traders said Thursday. Relations between Russia, one of the world’s largest wheat exporters, and Turkey, the largest buyer of Russian wheat, have quickly deteriorated after Turkey shot down a […] Read more

Cereals, Columns

Keep your eyes on the dollar

Prairie farmers should care about the current state of world currencies in the world market

By Brian Wittal October 29, 2015

The past two years have seen some major political and economic shifts around the world. The Russia/Ukraine standoff in the Crimean region resulted in economic embargoes and sanctions against Russia. This threw a major kink into trade in that region, causing serious economic hardships. It caused internal inflationary pressures to build, devaluing the Russian ruble […] Read more

Russian harvesting technology has advanced beyond that illustrated in this Soviet-era poster.

Barley, Crops, Spring Wheat, Winter Wheat

Black Sea in it for the long haul

The Former Soviet Union, once Canada's largest wheat customer, is now its largest competitor

By GFM Network News October 29, 2015

Black Sea wheat exports are projected at an all-time high this year, and there is good reason to have confidence in this forecast. During the 2015/16 marketing year, the U.S. Department of Agriculture (USDA) estimates that the states of the former Soviet Union excluding Latvia, Lithuania, and Estonia (FSU-12) will export a record 45 million […] Read more

Crops, Markets, Reuters

U.S. grains: Wheat falls on profit-taking

By GFM Network News October 2, 2015

Chicago | Reuters — U.S. wheat futures sank on Friday on a round of end-of-week profit taking after prices hit an 8-1/2 week high on Thursday, traders said. Soybeans also fell, pressured by the expanding harvest of what is expected to be a bumper crop in the U.S., while corn was close to unchanged. Wheat […] Read more

Deputy Prime Minister Arkady Dvorkovich (l) and Prime Minister Dmitry Medvedev. (Government.ru)

Crops, Markets, Reuters, Spring Wheat, Winter Wheat

Russian government proposes cutting wheat export tax

By GFM Network News September 24, 2015

Semikarakorsk, Russia | Reuters — The Russian government has proposed cutting its floating wheat export tax from Oct. 1 and to exempt durum wheat from the levy, a senior official said on Thursday. Russian wheat exports have been constrained by the tax, which has prevented exporters from fully benefitting from the weaker rouble and a […] Read more

Alberta Crop Report: Higher-than-average yields expected

U.S. livestock: Tight cattle supply helps CME futures rebound from collapse

U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop

GFM Network News