GFM Network News

Asia’s mills eye Canada’s wheat as Australian supply slows

Singapore | Reuters — Asian flour millers are looking at buying Canadian spring wheat for shipment early next year as supplies from drought-hit Australia are likely to remain slow, traders said. Canadian western red spring wheat is being offered at around $345 a tonne, including cost and freight, nearly unchanged from last week, while Australia […] Read more

Australian farmers hold back wheat sales as dryness curbs yields

Reuters — Australian farmers are holding back wheat crop sales as dryness in parts of the country’s eastern grain belt cuts yields, raising the likelihood for a boost to global prices that have dropped 13 per cent this year. Farmers in the world’s fourth biggest wheat exporter have sold only about a quarter of this […] Read more

China’s hunger for wheat to lift prices by 10 per cent

Frost is estimated to have hit as much as 20 million tonnes of wheat in the world’s largest producer

Reading Time: 2 minutes Reuters – Soaring Chinese wheat purchases due to weather-related crop damage at home could lift global prices of the grain by about 10 per cent in the next few months, a survey of traders showed. The rush to secure wheat overseas by top consumer China is prompting farmers in the world’s second-biggest exporter Australia to […] Read more

Australia’s early wheat harvest shows lower protein

The early wheat harvest in Australia, the world’s second largest exporter, is showing lower protein scales and poor yields, analysts and traders said, heightening concerns over global grain supplies as shipments from top exporters dwindle. Farmers are finding lower-than-expected protein scales in New South Wales and Queensland, the states responsible for producing top quality hard […] Read more

Asian hunger for “noodle” wheat may bolster prices

Reading Time: 2 minutes For the second straight year, Asia must rely on the U.S. and Canada for most of its top-quality wheat, as rains have cut the protein content in grain from traditional supplier Australia. Asian nations are among the world’s biggest buyers of the superior quality, protein-rich wheat that is used to make noodles, a staple food […] Read more

Farm private investment seen doubling in two years

Inflows of private capital in agriculture worldwide are expected to more than double to around $5 billion to $7 billion in two years as rising food prices spur investments in farm land and production facilities. Investors from the United States and Europe are looking at South America for growing more feed grains, corn and soybeans, […] Read more