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Three More Ships Carrying Ukrainian Grain Depart Port of Chornomorsk

On Friday, three additional ships carrying Ukrainian grain left the port of Chornomorsk, which is located on the north-western shore of the Black Sea.  

The first shipment of Ukrainian grain since Russia's invasion began in February departed Ukraine’s Black Sea port of Odesa on Monday under the agreement reached by Ukraine and Russia in late July. The ship arrived in Istanbul’s waters Tuesday evening and underwent a joint civilian inspection, said the Joint Coordination Centre...

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Aug 5 7:33 AM, UB Newswires



CME Grain Futures Decline After First Ship Carrying Ukrainian Grain Departs Odesa Port

For the first time in months, a commercial ship carrying Ukrainian grain left the Black Sea port of Odesa early Monday local time.

Ukrainian exports from the Black Sea region have been blocked by Russian forces since the invasion began in February.

On July 22 Ukraine and Russia signed a deal, brokered by Turkey and the United Nations, to resume Ukrainian grain exports in an effort to ensure the global food supply. The agreement also frees up Russian grain and fertilizer...

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Aug 1 9:15 AM, UB Newswires


Grain Export Deal in Question Following Russian Missile Strike on Odesa Port 

On Friday, Ukraine and Russia signed a deal in Istanbul to allow the resumption of Ukrainian grain exports via the Black Sea Ports.

Access to Ukraine's maritime ports had been blocked by Russian forces since the military invasion began in February.

The agreement was brokered by Turkey and the United Nations and is scheduled to be implemented in the next few weeks. Under the deal, up to 5 million metric tonnes of grain per month will be exported by shipping companies through safe passageways in Ukrainian waters. 

Millions of tons of grain exports have been stalled in Ukraine due to the war, pushing global food prices higher...

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Jul 25 9:45 AM, UB Newswires


Recession Fears Weighed Heavily on CME Grain Futures Tuesday

CME grain futures plummeted on Tuesday, pressured by heavy fund liquidation in the stock and energy markets. Traders are weighing concerns about a possible recession in the U.S. along with a slowdown in global growth. 

July corn closed 18 ½ cents lower at $7.36 a bushel while December corn was down 29 cents at $5.78 ½ a bushel. Nearby soybean futures finished 50 ¾ cents lower at $15.75 ½ while November was down 79 ¼ cents. July SRW wheat futures closed with a 37 ½ cents loss on the day...

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Jul 6 10:08 AM, UB Newswires


Roquette Launches a New Rice Protein

Roquette, a global leader in plant-based ingredients and a pioneer of plant proteins, announced today the launch of two rice proteins, a bold move that adds a new botanical origin to its current portfolio. With NUTRALYS® rice protein, Roquette offers consumers a familiar, safe and nutritious alternative protein with premium quality and high standards of production. The rice protein by Roquette will be presented for the first time during IFT FIRST event, July 10-13, in Chicago. This launch is a new step in the group’s commitment to develop a new...

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Jun 23 9:19 AM, General News


WASDE Data Shows Lower Projected Corn Crop and Lower U.S. Exports

In the latest World Agricultural Supply and Demand Estimates (WASDE) report, the USDA's outlook for U.S. feed-grain is for lower production, domestic use, exports and ending stocks, and higher prices. The corn crop is projected at 14.5 billion bushels, which is down 4.3% from last year.  

In a special note, USDA wrote "Russia’s recent military invasion of Ukraine significantly increased the uncertainty of agricultural supply and demand conditions in the region and globally. The May WASDE represents an ongoing assessment of the short-term impacts as a result of this action". 

Total U.S. corn use for the 2022/23 year is expected to decline 2.5% from a year ago due to lower exports and domestic use. Corn used to produce ethanol is unchanged from last year, reflecting expectations of steady U.S. motor gasoline consumption

U.S. corn exports are down 4% in 2022/23 due to lower supplies and strong domestic demand. Despite record exports projected for Argentina and Brazil, a 550-million bushel drop in exports for Ukraine is the main cause for a decline in world trade...

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May 13 8:24 AM, UB Newswires







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