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File photo of Black Sea port facilities at Odesa, Ukraine. (Leskas/iStock/Getty Images)
Crops, Reuters

Turkish team to discuss Black Sea grain corridor in Russia this week

Turkey proposes to monitor safe passage

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Ankara | Reuters — Ankara’s military delegation will travel to Russia this week to discuss details of a possible safe sea corridor in the Black Sea to export Ukrainian grain, Turkish presidency sources said on Tuesday. Russia’s TASS agency confirmed plans for the talks, citing Kremlin spokesman Dmitry Peskov. Russia’s Feb. 24 invasion of Ukraine […] Read more
CBOT July 2022 wheat (candlesticks) with 20- and 50-day moving averages (purple and black lines), MGEX July 2022 wheat (yellow line) and K.C. July 2022 wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat jumps on weaker U.S. dollar

Midwest heat lifts corn, soy

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Indianapolis | Reuters — Chicago Board of Trade wheat climbed on Thursday, supported by a weaker dollar and continued uncertainty as Ukraine attempts to move grain exports through the Black Sea. Corn and soybeans firmed as hot, dry weather across the U.S. Midwest threatened to stress recently-planted crops. The most-active wheat contract of the Chicago […] Read more
File photo of a bulk port facility in Ukraine. (Olivia Sabeskaya/iStock/Getty Images)
Crops, Markets, Reuters

Turkey says Ukraine grain ships could avoid mines

Russia offers safe passage

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Ankara/United Nations | Reuters — Russia on Wednesday said it has offered “safe passage” for Ukraine grain shipments from Black Sea ports but is not responsible for establishing the corridors and Turkey suggested that ships could be guided around sea mines. Ukrainian grain shipments have stalled since Russia’s invasion and ports blockade, stoking global prices […] Read more
File photo of Ukraine’s Agriculture Minister Mykola Solskyi at a “Global Food Security Call to Action” meeting of foreign ministers at United Nations headquarters in New York, on May 18, 2022. (Photo: Reuters/Eduardo Munoz)
Crops, Markets, Reuters

Russia’s war may deprive world of three Ukrainian wheat harvests, minister says

'Significant' decline expected in winter wheat acres

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Kyiv | Reuters — Russia’s invasion of Ukraine will create a global wheat shortage for at least three seasons by keeping much of the Ukrainian crop from markets, pushing prices to record levels, Ukraine’s agriculture minister told Reuters. Ukraine, sometimes known as Europe’s breadbasket, has had its maritime grain export routes blocked by Russia and […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

June USDA report includes few changes or surprises

U.S. corn, soybean carryout projections down from May's

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MarketsFarm — There were only a handful of major changes in the monthly supply and demand report released Friday by the U.S. Department of Agriculture (USDA). “I thought it was neutral to a little bit friendly,” said Terry Reilly, grains analyst with Futures International in Chicago. Perhaps most notable were the ending stocks for new-crop […] Read more
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets, Reuters

Nutrien to further boost potash output amid global shortage

Company will also speed up nitrogen capacity boosts

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Reuters — Nutrien, the world’s largest fertilizer producer, said Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage. Potash prices have soared since the West imposed sanctions against Russia for Moscow’s […] Read more

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