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A farm worker unloads Ukrainian-made fertilizer from a truck on April 5, 2022 to use on a wheat field near the village of Yakovlivka, outside Kharkiv, after it was hit by an aerial bombardment. (Photo: Reuters/Thomas Peter)
Crops, Reuters

Ukraine faces lack of herbicides, pesticides for spring seeding

About a third of needed chemicals reported to be at hand

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Kyiv | Reuters — Ukrainian farmers, which have already started the 2023 spring sowing, have only around 35 per cent of the herbicides and pesticides they need, analyst APK-Inform quoted on Monday official data as showed. The Russian invasion has left Ukraine seriously short of finances, seeds and crop protection products, which could have a […] 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

Russia suggests renewing Black Sea grain deal for shorter term

Moscow says sanctions have created barriers for its exports

By
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
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Canola, Crops, Markets

USDA sees increased EU canola imports, no extra from Canada

U.S. also projects higher Canadian ending stocks

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MarketsFarm — The European Union will likely import more canola (rapeseed) this year than earlier thought, but any increased movement should come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. USDA raised its forecast for European rapeseed imports during the 2022-23 marketing year by 550,000 tonnes, […] Read more
A wall in the medina (ancient city quarter) of Rabat, Morocco’s capital. (Cia.gov)
Crops, Markets, Reuters, Spring Wheat

Morocco adjusts wheat import scheme in nod to Black Sea

Move could bump up competition among exporters

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Rabat/Paris | Reuters — Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea region, an official at state grain agency ONICL said on Wednesday. The revision, also reported by traders, means that as of March importers are able […] Read more
An ammonia and nitrogen fertilizer plant in Russia. (Saoirse_2010/iStock/Getty Images)
Crops, Reuters

Russia, U.S. bicker at UN over donating fertilizer to Syria

U.S. calls for Russia to distribute via UN

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United Nations | Reuters — Russia and the United States bickered on Tuesday over whether Russian fertilizer could be donated to Syria as Moscow heightens complaints about obstacles to its fertilizer shipments before the renewal of a deal allowing Ukraine Black Sea grain exports. Some 260,000 tonnes of Russian fertilizer has been stuck in several […] Read more
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Wide array of factors affecting grain prices

Corn, soy see speculative profit-taking

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MarketsFarm — Recent rains in parts of South America, as well as a correction in the markets, have paused rallies in corn and soybeans on the Chicago Board of Trade (CBOT), according to one trader. Jack Scoville, vice-president of The Price Futures Group in Chicago, said that while central and southern Argentina are still mired […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow high/low/close) and K.C. March 2023 hard red winter wheat (orange H/L/C). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy down on stronger U.S. dollar, interest rate fears

Uncertainty over Black Sea deal underpins corn, wheat

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Chicago | Reuters — U.S. wheat futures fell more than two per cent on Wednesday and corn and soybeans followed the trend lower, pressured by a stronger U.S. dollar and fears of more interest rate hikes by the Federal Reserve, analysts said. Fundamental news for grains and oilseeds was thin, leaving markets stuck within recent […] Read more
CBOT March 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Values pull back from upper ranges

Early U.S. estimate of planting intentions due out next week

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MarketsFarm — Despite some bullish influences, commodity prices at the Chicago Board of Trade (CBOT) were stepping back in mid-February. That movement wasn’t a surprise to Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. Prices for corn, soybeans and wheat had been at the upper end of their ranges, he said. “We are still […] 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

Russia says sanctions a barrier to Black Sea grain deal renewal

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Reuters — Russia said Monday it would be “inappropriate” to extend the Black Sea grain deal unless sanctions affecting its agricultural exports are lifted and other issues are resolved. The Black Sea Grain Initiative, signed by Russia and Ukraine last July, created a safe corridor to allow grain to be exported from Ukrainian ports blockaded […] Read more
CBOT March 2023 soybean meal with 20- and 100-day moving averages (yellow and green lines, right column) and CBOT March 2023 soybeans (blue line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soymeal touches highest since 2014

Spec buying, Argentina weather lifts meal futures; CBOT March corn, wheat, soybeans also up

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Chicago | Reuters — U.S. soymeal futures hit their highest in almost nine years on Monday on speculative buying and uncertainty about crop prospects in Argentina, despite recent rains, analysts said. Surging soymeal values lifted soybean futures, while corn and wheat rose on worries about the future of Ukraine’s safe shipping channel for grain exports. […] Read more

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