Ukraine
The grain markets saw waves this week, and agricultural economists say it revealed just how much traders think the vital grain corridor in Russia and Ukraine is worth.
SINGAPORE, Oct 31 (Reuters) - Russia’s weekend backtrack from a U.N.-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries.
Data from Ukraine’s Ministry of Agrarian Policy and Food shows the country shipped 6.9 million metric tons of grain, vegetables and edible oils last month, nearly matching the 7.1 million tons exported in Sept. 2021.
Dan Basse was at World Dairy Expo for the live taping of U.S. Farm Report. He admits he’s been bullish on grains for two consecutive years; however, his outlook has changed despite the ongoing crisis in Ukraine.
Satellite imagery, communications intercepts and human intelligence proving Russia had plans to invade Ukraine was presented to U.S. officials in Oct. 2021. When briefed to NATO allies, some thought it was bogus.
Europe is racing to investigate potential acts of sabotage after both the natural gas pipelines linking it to Russia suffered inexplicable, sudden leaks. This comes as Europe transitions away from Russian fossil fuels.
“This is my plea, from a humble farmer in Ukraine to the people of the world: Please ask your governments to stop this reckless war, launched by that cruel and power-hungry authoritarian, Vladimir Putin.”
An oil price of $120 a ton could send the global economy into a major recession and fan inflation in the U.S., which Jim Wiesemeyer says is already in double digits for rural Americans.
The top exporters of Ukrainian wheat today are the Russians. Count it as one more injustice in Vladimir Putin’s cruel war of conquest.
Biden administration wants more total planted acres with a focus on soybeans and wheat. That is the clear conclusion from what the administration is proposing as part of its latest wish list for Congress.
The 2022 Pro Farmer Crop Tour will be sweeping the Midwest soon. We spoke with a handful of master crop scouts to get a preview of what to expect on each leg of the tour.
Less than a week after the first shipment of grain left Ukraine, three more ships departed Friday. Grain analysts are still concerned about not only how much grain will be exported, but if the ships will safely return.
Ukraine’s first shipment of grain since Russia’s invasion is now one step closer to reaching its final destination of Lebanon. The UN. says the shipment of over 26,000 tons of corn was cleared to proceed Wednesday.
“There are still more questions than answers, but we did get a vessel out the door,” says Dan Basse, president of AgResource Company.
U.S. estimates show global wheat levels are stockpiled at 33% of annual consumption. Gro Intelligence says the world’s numerous economic crises prove government estimates are “not adding up.”
For the first time since the war started, a Ukrainian ship carrying grain left port. The UN says the Razoni was carrying 26,527 MT of corn. The vessel was stuck in port since Feb. 18, before the start of the war.
U.N. aid chief Martin Griffiths said on Thursday that grain shipments from Ukraine could resume as soon as today but that details of the exact coordinates of shipping routes were still being finalized.
Heavy Russian strikes hit the southern Ukrainian port city of Mykolaiv overnight and early on Sunday, killing the owner of one of the country’s largest grain producing and exporting companies, the local governor said.
Global grain trader Archer-Daniels-Midland Co (ADM) reported a 74% rise in second-quarter profit on Tuesday, benefiting from high demand for grains and tighter supplies following Russia’s invasion of Ukraine.
Five months after the invasion, Senators will receive a classified briefing Wednesday. Russia launched a missile attack on the key grain-exporting port of Odesa Saturday, a day after signing a deal to resume exports.
A day after Ukraine and Russia signed a deal to resume grain exports from Ukraine, Russian missiles hit the Odesa port. Ukrainian foreign-ministry accused Vladimir Putin of “spitting in the face” of U.N and Turkey.
Ukraine pressed ahead Sunday with efforts to restart grain exports under a deal to ease global food shortages but warned deliveries would suffer if the recent Russian missile strike on Odesa was a sign of more to come.
With little to no diesel readily available to fuel harvest, wheat and other grains languish in the country’s fields. One analyst says he expects the global wheat market will be shorted 10 million metric tons.
Russian forces targeted at least two large grain terminals Wednesday in the port of Mykolaiv. Western governments claim Russia is carrying out a campaign to degrade Ukraine’s ability to export food.
Food is essential to sustaining life and will ultimately be the key to rebuilding Ukraine’s future.
The Russia-Ukraine conflict threatens to upend world trade.
Diesel prices are causing sticker shock, as fears of a possible diesel shortage are growing. It’s not just retail diesel prices that are rapidly rising. Some farmers report booking off-road diesel for above $5.
Tensions between Russia and the West are escalating as Russian President Vladimir Putin warned that Moscow would strike new targets if the U.S. supplied long-range missiles to Ukraine, according to Russian state media.
Participants who seek this one-time, voluntary termination do not have to repay rental payments. But they must make requests for voluntary termination in writing through their local USDA office.
Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, Interfax news agency reported, citing Russian Deputy Foreign Minister.