Chances for a spring rally in wheat prices appear slim, and the best chance for changing that outlook might depend on another crop: corn.
Tag Archives Ukraine war
Russia seizes grain company
Foreign citizenship of a former owner cited as key reason for the move, preventing foreign control over strategic assets
A Russian court has ruled the transfer all the assets of Rodnie Polya, which exported 14 per cent of Russian grain in the 2023-24 season, to the state may proceed.
Geopolitics and uncertainty expected to shape the future
Export Development Canada official highlights key challenges facing the world, from U.S. spending to global instability
While 2024 wrapped up with a lot of anticipation, 2025 looks increasingly uncertain. That was the message from Ross Prusakowski, deputy chief economist with Export Development Canada, during the Canadian Soybean Harvest Update held late last month. Much of his presentation focused on the U.S. economy and its substantial global influence, the impacts of geopolitics […] Read more
Predicting the future of tariffs is not an easy thing to do
If you make your living as a forecaster of markets, nothing will humble you as much as dealing with political uncertainty. Agriculture markets have had their fair share of uncertainty from the political arena in the past decade. The Meng Wanzhou situation sideswiped the canola market in 2018 and 2019, which wasn’t on any analyst […] Read more
Ukrainian agriculture exports slump
KYIV, Ukraine (Reuters) — Ukraine saw a slump in December farm exports after introducing an export regime aimed at curbing tax avoidance on agricultural commodities, the agriculture ministry said last week. On Dec 1, the government introduced minimum export prices, imposed new controls over shipments by the country’s tax and customs services and limited export […] Read more
Global forces played big role in shaping market last year
Glacier FarmMedia – Grain and oilseed markets had their ups and downs in 2024, with wars, labour unrest, trade disputes and politics often providing more direction than the traditional supply/demand fundamentals. While the outlook is murky for 2025, expect similar outside forces to remain a feature in the year ahead. Russia/Ukraine The conflict moved through […] Read more
Granaries hidden from Russian missiles
The farmers of Ukraine have learned some harsh lessons during this long war. They park their machinery in separate locations to minimize losses should there be a rocket attack. They closely guard the details of their operations, such as location of grain storage, even from friendly visitors. “Just please don’t take pictures. And don’t write […] Read more
Russia expands ports as it eyes new markets
New Baltic ports would reduce grain reliance on Black Sea routes as country aims for 50 per cent boost in ag exports
MOSCOW, Russia (Reuters) — Russia, the world’s leading wheat exporter, is expanding its Baltic Sea ports as it aims to boost agricultural exports by 50 per cent by 2030 while reducing dependence on traditional Black Sea routes, officials and executives said. The country, which exported at least 72 million tonnes of grain in the 2023-24 […] Read more
Market ignores Russian attacks on grain ships
Some think the market has been quiet due to large Aussie crop and infrequency of attacks; others say prices should rise
SASKATOON — Grain markets should be reinstating a Black Sea war risk premium, say analysts. “I’m very surprised that we haven’t started to push a bigger premium into the wheat market, especially soft wheats, because of what’s happening,” said MarketsFarm analyst Bruce Burnett. Related stories: Russia has been stepping up its attacks on Ukrainian grain […] Read more
Calves for Ukraine program to help with rebuilding effort
A second charity auction to assist the war-torn country will take place in October at an auction mart in Olds, Alta.
Glacier FarmMedia – A retired cattle producer from central Alberta is teaming up with a humanitarian organization for a Calves for Ukraine benefit auction, the second one he has held. The auction, organized by Al Rand in association with the Humanitarian Aid and Response Team (HART), will take place Oct. 22 at Olds Auction Mart. […] Read more
