Russia is using food as a weapon of war, one designed to compel Ukraine and its allies to cave to Russian demands for the open export of its own grain and fertilizer, and subsequently, the import of great quantities of cash for the Russian war chest. While there is a UN-brokered deal for the continued […] Read more
Tag Archives russia — page 13
Opinion: What happens when the grain deal fails?
Economic and political unrest abroad will affect Canadians
Extent of Saudi oil production cut unclear
Reported tensions within OPEC limit price gains
MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that move was bullish for the markets, by how much remains to be seen, said Phil Flynn of the Price Futures Group in Chicago. “It’s probably […] Read more
Ukraine says Russia again blocking Black Sea grain export deal
Russia seeks ammonia transit via Pivdennyi
Kyiv | Reuters — Ukraine’s ministry of renovation and infrastructure said on Thursday the U.N.-brokered Black Sea grain export deal had been halted again because Russia had blocked registration of ships to all Ukrainian ports. A U.N. spokesman said Russia had informed officials overseeing the initiative that Moscow would limit registrations to the port of […] Read more
U.S. grains: Wheat, corn, soy fall on uncertain demand, weather
Sagging equities, crude oil also bearish on grains
Chicago | Reuters — U.S. wheat, corn and soybean futures tumbled on Tuesday, pressured by macroeconomic worries, strong competition for global grain export business and some forecasts for beneficial Midwest rains next month that could bolster production prospects, analysts said. “The wetter outlook removed the one factor providing stability for the grain and oilseed markets, […] Read more
Black Sea grain deal slow to get moving after extension
Ukraine says Russia has effectively frozen out one port
United Nations | Reuters — A deal allowing the safe wartime export of grain and fertilizer from Ukrainian Black Sea ports has not yet resumed full operations, the United Nations said on Friday, having come to a halt before Russia’s decision last week to extend it. The pact called the Black Sea Grain Initiative, brokered […] Read more
U.S. grains: Profit-taking pressures wheat futures
CBOT corn firm, soy mixed
Chicago | Reuters — U.S. wheat futures fell on Wednesday on a round of profit-taking as traders said the market lacked fundamental inputs to drive prices higher a day after a rally driven by renewed concerns over a Black Sea deal. Corn futures were firm for the second day in a row, with old-crop contracts […] Read more
Russia preventing Black Sea grain deal port from operating, Ukraine says
Black Sea Grain Initiative was extended last week
Kyiv | Reuters — The Ukrainian port of Pivdennyi has halted operations because Russia is not allowing ships to enter it, in effect cutting it out of a deal allowing safe Black Sea grain exports, a Ukrainian official said on Tuesday. The Black Sea Grain Initiative signed by Russia and Ukraine last July, and extended […] Read more
Firm Canadian chickpea market watching world production
Trade keeps eye on crops in Turkey, Russia, India
MarketsFarm — Canadian farmers are in the early stages of planting the country’s next chickpea crop, with market conditions firm for the time being, ahead of new-crop harvests in other countries. “The market is firm, it’s not going up or down,” said Jake Hansen of Mid-West Grain at Moose Jaw, Sask., noting there was not […] Read more
Three more ships approved under renewed Black Sea grain deal
Wheat futures down on news of renewal
London/United Nations | Reuters — Three new ships were authorized on Thursday to take part in a deal allowing the safe Black Sea export of Ukraine grain, said the United Nations as global wheat prices fell further a day after Russia agreed to extend the pact for 60 more days. Russia had threatened to quit […] Read more
Black Sea grain deal extended for two months
Agreement has helped to tackle global food crisis
Ankara/United Nations | Reuters — The Ukraine Black Sea grain deal has been extended for two more months, one day before Russia could have quit the pact over obstacles to its grain and fertilizer exports. Turkish President Tayyip Erdogan announced the extension in a televised speech and it was confirmed by Russia and Ukraine. The […] Read more
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