Ukraine
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.