Archive for April 4th, 2022

KIEV, UKRAINE — Ukraine’s railways are backlogged with grain shipments trying to find alternative export routes after Russia’s invasion blocked the main Black Sea ports, Reuters reported, citing APK-Inform.

Ukrainian railways had 12 terminals opened for traders, but trains were backing up and the railways will need two or three weeks to process them, APK-Inform said.

“Traders are continuing to search for the possibility of redirecting exports to the EU by rail or via Romanian ports, but the key barriers remain limited ...

CHICAGO, ILLINOIS, US — The average daily volume (ADV) of soft wheat options on the Chicago Board of Trade (CBOT) in March 2022 was 136% higher than during the same month last year, according to a CME Group press release summarizing market statistics from the first quarter and March.

The ADV of corn options for March was 62% higher than the previous year, and the ADV of agricultural options was 9% higher than the same month in 2021, with 1.3 million ...

WASHINGTON, DC, US — As anticipated, the US Department of Agriculture in its March 31 Prospective Plantings report brought a number of surprises compared to trade expectations, potentially adding more volatility to the already highly-volatile grain and oilseed markets because of the Russia-Ukraine war.

Adding uncertainty heading into spring planting were much higher input costs, especially fertilizer, which some observers expected may push farmers away from high-input cost crops like corn to lower-input cost crops such as soybeans. That scenario appeared ...