Latest News From Russia

Experts are watching global dynamics to understand the input market’s longer-term outlook in the U.S. Among their top concerns are geopolitics, weather and low supply.

A Russian missile strike on Thursday hit eastern Ukraine, now considered one of the deadliest since the war started. Russia also attacked grain storage in the Odesa region, damaging a grain silo near the Danube River.

Roughly 37.6 million acres of U.S. ag land is foreign owned, according to USDA. However, select purchases of U.S. land could come to an end following a Senate vote this week.

Grain prices continue to rally as Russia ramped up attacks on Ukrainian ports on the River Danube. But agricultural economists and markets analysts point out the situation still hasn’t reached a worst-case scenario yet.

From growing tensions between Ukraine and Russia to forecasts for hot and dry weather across the Midwest, grain prices have been on a volatile run. Analysts think the volatility could heat up again next week.

The Kremlin said there was no link between the attack and suspending the deal, which lets Ukraine export grain through the Black Sea. Instead, it occurred over a failure to ease rules for food and fertilizer exports.

According to USDA, Russian-speaking hackers are the likely suspects. The Office of Personnel Management and two organizations within the Department of Energy also were apparently targeted or breached.

This comes amid word that Ukraine's ag output is expected to decline by 36% this year, compared to 2021.

China's exports to Russia reached a record high in April, amounting to $9.6 billion.

Last week was full of both bullish and bearish news for the wheat market. Arlan Suderman of Stone X Group says there are still several things that could spark momentum in the wheat market.

The Ukraine Black Sea grain deal has been extended for two more months, one day before Russia could have quit the pact over obstacles to its grain and fertilizer exports.

A key reversal in wheat after a drone strike at the Kremlin pulls corn and soybeans higher as well. AgDay's Michelle Rook chats with Ted Seifried about the headlines and the market response.

Wheat and corn exports out of the Black Sea region are at risk again as Ukrainian officials say Russia is taking action to block inspections of ships under the Black Sea grain initiative.

Kansas typically accounts for 25% of the nation's winter wheat production, but ongoing drought is weighing on overall crop conditions. Farmers are now facing the possibility of increased abandonment this year.

The Kremlin said the outlook for the landmark U.N.-brokered Black Sea grain deal was not great as promises to remove obstacles to Russian exports of agricultural and fertilizer exports had not been fulfilled.

Several grain companies announced plans to stop Russian grain exports as of July 1. As Russia tries to take control of its domestic grain industry, analysts think it will ultimately hurt Russian grain farmers.

As Ontario, Canada farmer Julie Maw scouts her wheat fields, it’s the moment of truth for the record number of acres planted across the province this year.

Russia badly needs to replace expended and outdated Soviet arms while China needs Russian energy. That is compelling math. This is bad news not just for the heroic people of Ukraine, but Europe and the US.

Russia is now saying it will only extend its Black Sea grain deal if sanctions are lifted on its own agricultural products. The deal, which was brokered last year, allowed for safe passage of Ukrainian ag products. 

A year ago, Russia’s invasion of Ukraine injected uncertainty about global grain supplies into the market. Today, initial concerns have been squashed by the reality of record exports from the Black Sea Region.

The price surge comes as Europe announced a ban on Russian diesel fuel and G7 countries vowed to price-cap Russian oil products.

As of January 2022 there were over 1,000 satellites in orbit that fall into the category of Earth observation.

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.

Global inflation will likely decrease to 6.5% in 2023 and to 4.1% by 2024, according to the International Monetary Fund (IMF) forecast.

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.

Putin said he now wants to renegotiate the U.N.-brokered Ukraine grain export deal, raising concerns the pact may not be able to last. Meanwhile, G7 countries mull over a $44 price cap on Russian oil.

Russian wheat export prices rose last week following higher wheat prices in Paris, analysts said on Monday, adding that the country's exports continued to slow down due to seasonal factors.

Trade disruptions in energy, fertilizer and grains are inevitable. In fact, effects are likely to last for years, possibly even decades. 

Before Putin’s forces even breached the Ukraine border, fear and speculation drove commodity prices skyward. Concerns are warranted.

Global meat consumption will decline as inflation squeezes consumer spending because of the Ukraine-Russian War, says Rupert Claxton, livestock and met director at Gira.

On Wednesday, Nutrien said it plans to increase potash output by nearly 1 million tonnes this year to about 15 million tonnes.

The company said: “More than two weeks have passed since Russia’s invasion of Ukraine. From the outset, we have utterly condemned this brutal aggression against a sovereign country."

Russia may suspend exports of wheat, barley, corn and rye starting Tuesday and lasting until June 30, the Interfax news agency reported on Monday, citing the agriculture ministry.

March 11 (Reuters) - Global farm commodities trader Cargill Inc (CARG.UL) said on Friday it was scaling back its business activities in Russia and has stopped investments in the country.

(Reuters) - The Russian invasion of Ukraine threatens millions of tiny spring-time sprouts that should emerge from stalks of dormant winter wheat in the coming weeks.

“Before the war with Ukraine, the President encouraged Russia to produce more oil to help us lower the price at the pump,” says U.S. Sen. Jerry Moran (R-KS). “That’s so hypocritical.”

UPDATE: WASHINGTON (AP) - Biden: US ban on Russian oil a 'powerful blow' to 'Putin's war,' warns Americans 'defending freedom is going to cost.'

UPDATE: 03/02 4:23 pm-EST-There are reports a missile struck a vessel flying under the flag of Bangladesh in Ukraine.

Nutrien Ltd, the world's biggest potash miner, could boost production by up to 29% in coming years, depending on any sanctions facing rival producers

Look ahead to potential situations including debt limit, inflation, inputs costs, and foreign threats.

AgriTalk Host Chip Flory and Pro Farmer policy analyst Jim Wiesemeyer discuss plans Congress will probably have these last weeks of 2021, including the debt ceiling and the Build Back Better plan in the Senate.

Vladimir Putin is breathing new life into the chicken that kept Russians fed in the dying days of communism.

Most Russian wheat is loaded on ships in the deep waters of the Black Sea, but those ports have reached their limit so shippers are using a work-around,

Cold weather in central areas and the Volga valley of Russia delayed the resumption of winter wheat growth by about two to three weeks compared with last year.

Russia’s wheat stockpiles are set to swell to the highest levels since at least Soviet times, keeping its prices low in a blow to European Union rivals .

Russia may have hacked people's thoughts on GMOs in addition to their political views. 

The U.S. Commerce Department has recommended that President Donald Trump impose tariffs on aluminum imports from all countries.

It’s been a long time since any country shipped out as much wheat as Russia.

Russia's Blizzard of the Century Is a Blessing for Wheat Fields