A Russian grain terminal at the Port of Novorossiysk on the Black Sea. (NMTP.info)

Lack of grain storage seen as record Russian crop looms

Moscow | Reuters — Russia is facing a lack of grain storage as it remains on track to produce the largest cereals crop in post-Soviet history, the head of Russia’s Grain Union, a non-government farmers’ lobby group, said Tuesday. Arkady Zlochevsky, the head of the union, told a briefing in Moscow he expected a grain […] Read more


Canadian wheat rejected in Egypt re-exported to Europe

Abu Dhabi | Reuters — A shipment of Canadian wheat rejected in Egypt over concerns it contained traces of ergot has been re-exported to Europe after Egypt’s agricultural quarantine rejected a petition from the supplier, trade sources said Thursday. Egypt’s quarantine authority has rejected a series of wheat shipments over traces of the common grain […] Read more

(MGEX.com)

U.S. wheat futures could be scraping bottom

CNS Canada — A general downtrend in U.S. wheat futures remains in place, with all three markets hitting fresh contract lows over the past week. However, there may not be much more room to the downside, according to an analyst. “The (U.S. Department of Agriculture) reports on Tuesday (Feb. 9) were not beneficial for the […] Read more



(Country Guide file photo)

Lower loonie helps farmers, but only so much

CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more

Moscow at Christmastime. (Cia.gov)

Russian ministry proposes reducing wheat export tax

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

Moscow at Christmastime. (Cia.gov)

Russia aiming for steady grain crop in 2016

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



Port of Quequen, Argentina. (AntaresShipping.com)

Argentina ag minister says grain export taxes on way out

Buenos Aires | Reuters –– Argentina’s incoming government will abolish export taxes on corn and wheat the day after it assumes office and reduce the export tax on soy by five per cent, designated Agriculture Minister Ricardo Buryaile confirmed to the daily Clarin. President-elect Mauricio Macri won the election last Sunday on a platform of […] Read more