global markets Archives

BRICS leaders tout joint finance, trade projects at Russian summit

BRICS leaders tout grain exchange, joint finance at Russian summit

By Gleb Bryanski, Reuters, Vladimir Soldatkin October 23, 2024

Leaders of the nations in the BRICS grouping, which accounts for 37 per cent of global economic output, predicted its influence would grow as they met in Russia on Tuesday, outlining common projects ranging from a grain exchange to a cross-border payments system.

Bulk wheat being loaded on a ship in a Russian port. (YGrek/iStock/Getty Images)

Markets

Egypt bets big with historic 3.8 million metric ton wheat tender

By Reuters August 7, 2024

Egypt has launched a massive tender to import 3.8 million metric tons of wheat, its largest ever tender according to traders, as the country seeks to take advantage of a slump in global wheat prices to 4-year lows.

News

From Black Sea to US Midwest, extreme weather threatens crop output

Hot, dry weather forecast for Russia, Ukraine in coming months; relief seen for China's corn, soybean crops hit by heatwave

By Naveen Thukral, Reuters June 24, 2024

Forecast dryness in the Black Sea region's breadbasket is likely to stunt sunflower and corn yields, while heavy rain in the United States after near-record temperatures threaten to take a toll on crops, hitting world supplies and pushing prices higher.

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Markets, News

Crop woes may lead Russia to narrow grain exports

Russian government says it may declare a nationwide emergency as frost, drought affects crop

By Olga Popova, Reuters June 6, 2024

Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB board member Vitaly Sergeуchuk said.

A farmer in China piles wheat. Photo: Reuters/File

Markets

China set for bumper harvests of grains and oilseeds, ministry says

By Reuters April 19, 2024

China is set for another year of bumper harvest of grains and oilseeds, helped by expanded planting of winter wheat and rapeseed and healthy growth of seedlings, the country's agriculture ministry said on Friday.

On the morning of Dec. 30, the nearby January canola contract apparently hit a new all-time high. Photo: File

Markets

ICE weekly outlook: Virtually no upside for canola

Forthcoming South American soybean harvest a bearish influence

By Glen Hallick January 17, 2024

With 2024 well underway, canola has very little reason to get excited, according to analyst Wayne Palmer of Exceed Grain in Winnipeg.

Grain is loaded onto ships for export at a port on the Parana River near Rosario, Argentina on Jan. 31, 2017. (File photo: Reuters/Marcos Brindicci)

Markets

Bulk ocean freight rates fall from highs despite uncertainty

Container rates have climbed higher as Houthi attacks in the Red Sea have caused diversions

By Phil Franz-Warkentin January 17, 2024

The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has dropped sharply over the past month after hitting 18-month highs in early December. Meanwhile, container rates have climbed higher over the same period as attacks by Houthi militants in the Red Sea have caused many shipping companies to divert their vessels.

File photo of a bulk vessel at a port grain terminal at Constanta, Romania. (Sergii Zhmurchak/iStock/Getty Images)

Romanian farmers, truck drivers protest near border with Ukraine

Grievances include influx of Ukrainian goods, fuel costs, environmental measures

By Reuters January 15, 2024

Bucharest | Reuters -- Hundreds of Romanian farmers and truck drivers protested near border crossings with Ukraine and near large cities across the country on Monday amid ongoing negotiations with the government over high business costs.

Crops, Markets

IGC raises wheat, corn, cuts soybeans

IGC upped projected total grain ending stocks to 590.2 million tonnes

By Glen Hallick January 11, 2024

As the world’s supply of grain for 2023/24 was increased to 2.307 billion tonnes, the International Grain Council bumped its projections for wheat and corn, while trimming those for soybeans.

Brazil’s soybean harvest kicks off with low yields in Mato Grosso

Crops suffered from lack of humidity; now rains are hampering harvest in some areas

By Ana Mano, Reuters January 8, 2024

Brazilian soybean farmers have begun to reap their 2023/24 soybean crop, covering some 0.6 per cent of the national planted area as of last Thursday, agribusiness consultancy AgRural said on Monday.

Tag Archives global markets

BRICS leaders tout grain exchange, joint finance at Russian summit

Egypt bets big with historic 3.8 million metric ton wheat tender

From Black Sea to US Midwest, extreme weather threatens crop output

Crop woes may lead Russia to narrow grain exports

China set for bumper harvests of grains and oilseeds, ministry says

ICE weekly outlook: Virtually no upside for canola

Bulk ocean freight rates fall from highs despite uncertainty

Romanian farmers, truck drivers protest near border with Ukraine

IGC raises wheat, corn, cuts soybeans

Brazil’s soybean harvest kicks off with low yields in Mato Grosso

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