Demand for vegetable oils has soared as biofuel makers have expanded capacity to produce renewable diesel.
But weaker-than-expected oilseed crushing margins in key markets worried some investors.
Tag Archives Ukraine war — page 7
Low prices curb European fertilizer production
OSLO, Norway (Reuters) — Yara has idled more than half of its European ammonia production capacity because of a steep drop in fertilizer prices and reported first-quarter earnings well below forecasts on April 28, as farmers delayed purchases hoping for even lower prices. The weaker results were due to steep market price declines, impacting both […] Read more
Ukrainian grain corridor remains uncertain
The biggest factor affecting grain markets today is the uncertainty surrounding Ukraine’s grain corridor, says an analyst. The United Nations-brokered Black Sea Grain Initiative expires May 18 and there are mounting concerns it may not be renewed. Even under the current agreement, the corridor is not being used to its full capabilities, because of Russia […] Read more
Canada fills Ukrainian grain gap
Exporters rediscover customers in Asia for Canadian wheat as Ukraine’s grain exports are reduced by ‘difficult logistics’
Ukraine exported 8.4 million tonnes of wheat through the first half of 2022-23 versus 15.9 million tonnes for the same period one year ago, according to an analysis by Christina Serebryakova, head of analytics at Atria Brokers.
Ukrainians make new home on Prairies
Like millions of fellow Ukrainians who left in a panic following Russia’s invasion more than a year ago, Liudmyla Todorova’s family has faced wrenching dislocations.
Ukraine grain exports reduced by ‘difficult logistics’
In an opinion piece published on APK-Inform, Christina Serebryakova, head of analytics at Atria Brokers, said the country is having difficulty competing with other exporters due to "extremely difficult logistics."
Canadian farmers expected to plant most wheat since 2001
Spring wheat plantings, the biggest portion of Canada's all-wheat production, are seen reaching 19.4 million acres, also the most since 2001 and up 7.5 percent from last year, the report showed.
WTO urges countries to limit food export curbs
Organization predicts global trade slowdown and warns about food insecurity, inflation and tightened monetary policy
GENEVA, Switzerland (Reuters) — The World Trade Organization raised its forecast for global trade growth this year, but still predicted a slowdown and warned of risks from the Ukraine war, geopolitical tensions, food insecurity, inflation and monetary policy tightening. The Geneva-based trade body said on April 5 that merchandise trade volumes would increase by a […] Read more
Wheat jumps 1 percent on renewed concerns over Black Sea grain deal
SINGAPORE (Reuters) – Chicago wheat futures climbed 1 percent on Monday, rising for the first time in four sessions as Russia’s threat to bypass a UN-brokered grain deal underpinned prices. Corn prices eased, weighed down by an improved weather outlook for U.S. plantings. “Rising Black Sea tensions could underpin U.S. wheat futures…,” said Terry Reilly, […] Read more
Russia expected to maintain wheat export levels
Large carryout stocks to help country keep its overseas sales close to last year’s 44 million tonnes despite a smaller crop
Russia’s wheat crop will be considerably smaller in 2023-24, but its exports are expected to remain about the same as this year, according to an analyst. SovEcon is forecasting 85.3 million tonnes of production, down from the 104.2 million tonnes harvested last year. “Last season the weather was almost ideal,” SovEcon analyst Andrey Sizov said […] Read more
