![]() ![]() “Soybeans for May delivery rose 1.8%, to $14.67 3/4 a bushel on the Chicago Board of Trade on Tuesday, rising 3% in the past three sessions as fundamentals support a tight supply/demand picture,” Maltais said. “The ministry said Ukraine had exported 44.8 million tonnes of grain as of the same date last year.”Īlso yesterday, Dow Jones writer Kirk Maltais reported that, “The rebound of soybean futures after finding a year-low of $14.20 a bushel late last week continued on Tuesday.” Meanwhile, Reuters writer Pavel Polityuk reported yesterday that, “ Ukraine’s grain exports for the 2022/23 season were down 17.7% to 36.9 million tonnes as of March 27 reflecting a smaller harvest and logistical difficulties caused by Russia’s invasion, agriculture ministry data showed. The company’s grain export assets will continue to operate regardless of who manages them,’ the agriculture ministry said in a comment to Reuters.” “‘The cessation of its export activities on the Russian market will not affect the volume of domestic grain shipments abroad. Global commodities trader Cargill Inc has told Russia’s Agriculture Ministry that it will stop exporting Russian grain from the start of the next exporting season, which begins on July 1, the ministry said on Wednesday. ![]() Russian crops aren’t under any sanctions, but trade can be complicated by restrictions on Russian banks and state companies.”Īlso today, Reuters writer Olga Popova reported that, “The companies that buy, sell and ship the world’s natural resources have reaped massive profits from the supply disruptions caused by the war, but are having to navigate a growing web of sanctions and other curbs as Western governments wrestle with the challenge of ensuring the flow of vital commodities without benefiting Russia. “Russia Says Crop Titan Cargill Will Stop Exporting Its Grain,” by Aine Quinn and Anuradha Raghu. While Cargill is a big exporter of Russian wheat, the government said the firm’s decision shouldn’t affect overall shipments out of the country. A bumper harvest there last year helped wheat futures drop more than 40% from a record reached just after Moscow’s invasion of Ukraine. “As the biggest wheat exporter, Russian shipments are vital to global crop trade and food supplies. will stop exporting its grain, the strongest move yet by a major Western crop merchant to pull back from the country.
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