After staring at supply-demand ratios and historical futures price graphs, I’ve concluded that crop markets are in a similar state to what they were in the early spring of two years ago. And I wonder if analysis of supply and demand will return as the key factor dominating crop price movement after a year when […] Read more
Tag Archives Ukraine war — page 8
China’s hunger for corn one reason to help end the war
Chinese president Xi Jinping visits Russia this week to discuss Russia’s invasion of Ukraine and to sign agreements to cement closer ties between Moscow and Beijing. Fresh off of success brokering a peace deal between Iran and Saudi Arabia, China wants to burnish its image as a world leader that can do things that its […] Read more
Russia suggests renewing Black Sea grain deal for shorter term
Geneva (Reuters) — Moscow is suggesting to renew a deal allowing the safe export of grain from Ukraine’s Black Sea ports — but only for a period of 60 days, half the term of the previous renewal, Russian Deputy Foreign Minister Sergei Vershinin said on Monday. Vershinin’s statement came after talks with U.N. officials in […] Read more
Wheat drops as talks start on Ukraine grain export deal
HAMBURG (Reuters) – Chicago wheat and corn futures fell on Monday, as talks started about renewing the shipping agreement which allows Ukraine to export grains into global markets. Soybeans were underpinned by continued concern about drought damaging Argentine crops. Chicago Board of Trade most-active wheat fell 0.7 percent to US$6.74-1/4 a bushel at 1144 GMT. […] Read more
Wheat down on optimism Ukraine shipping deal to be extended
HAMBURG (Reuters) – Chicago wheat was weakened on Monday by expectations the safe shipping channel to export grain from war-torn Ukraine will be extended. Slow demand weighed on soybeans and corn, which fell ahead of world supply and demand estimates on Wednesday from the U.S. Department of Agriculture (USDA). Chicago Board of Trade most-active wheat […] Read more
Market worries about Black Sea grain corridor
Ukraine says Russian inspections are delaying grain shipments, and it’s not certain the deal will be extended this month
Joe Glauber has a good idea what will happen to grain prices if the Black Sea Grain Initiative is not renewed. The former chief economist of the U.S. Department of Agriculture noted that world corn prices increased by six percent and wheat prices rose by three percent when Russia temporarily suspended the agreement in November […] Read more
Elderly brothers eke out life among the ruins of war
Ukrainian couples stayed in their rural homes during heavy fighting and now live without power amidst mined fields
POSAD-POKROVSKE, Ukraine, (Reuters) — The two houses in what had been no-man’s-land between Russian and Ukrainian forces are badly damaged by shelling, there is no central power or heating and the surrounding fields are heavily mined, making them unworkable. Yet the Kovalyov brothers — Stepan, who is 80, and Volodymyr, 77 — and their wives […] Read more
Ukrainian producers fear fertilizer shortage
KYIV, Ukraine (Reuters) — Ukrainian farmers may face a shortage of fertilizers for 2023 spring sowing and a lack of them could slash the harvest, a top agriculture official said Feb. 14. Ukraine is a major grain grower and exporter, but its harvest could fall this year following the Russian invasion and occupation of a […] Read more
Market worries about Black Sea grain corridor
Joe Glauber has a good idea what will happen to grain prices if the Black Sea Grain Initiative is not renewed. The former chief economist of the U.S. Department of Agriculture noted that world corn prices increased by six percent and wheat prices rose by three percent when Russia temporarily suspended the agreement in November […] Read more
Life has changed for Ukrainian farmer coping with war
Ukrainian farmer Yuriy Vovchenko survived the Russian occupation and constant shelling for eight months but his life has changed immeasurably. I have known him for years and since the invasion I have wanted to phone him many times but each time I dialed, I stopped, because I was afraid I might hear that he’d died. […] Read more
