Russia-Ukraine war

This week was a short one due to the Victoria Day long weekend, but the July Canola and Minneapolis Wheat contracts made the most of it. Future Commodity Advisor with Ventum Financial Adam Pukalo says July Canola was up 3 dollars this week while July Minneapolis Wheat was up 40 cents a bushel. The July […]

The war in Ukraine isn’t just impacting Ukrainian grain shipments, it is also taking a toll on Russia’s wheat sales.  Russia’s lack of ships and Western grain traders’ waning appetite for business with Moscow are adding to rising costs of moving Russian wheat. Russian President Vladimir Putin promised to replace Ukrainian grain with Russian shipments […]

The U-N Food and Agriculture Organization is concerned global food prices are rising since Russia pulled out of a deal allowing Ukraine to ship grain out of Black Sea ports. Vegetable oil prices jumped 12.1 per cent between June and July and sunflower oil prices surged 15 per cent on fresh uncertainties about supplies following […]

Russia attacked a key Ukrainian port today sending global food prices higher.  The attacks halted ships in their tracks as they prepared to arrive there to load up with Ukrainian grain in defiance of a de-facto blockade Russia reimposed in mid-July. Ukraine’s Deputy Prime Minister said warehouses and grain elevators were hit in the attacks and […]