GFM Network News


CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat soars as Russia eyes export curbs

Tightening supplies underpin corn, soybeans

Chicago | Reuters — U.S. wheat futures surged on Friday on concerns about thinning global supplies after the U.S. Department of Agriculture (USDA) slashed its grain stocks outlook and as top supplier Russia pondered export curbs. Corn and soy futures also rose as tightening supplies, particularly of soybeans, and lingering concerns about South American crops […] Read more

Bulk wheat being loaded on a ship in a Russian port. (YGrek/iStock/Getty Images)

Russia will suspend grain exports for six weeks if quota runs out mid-May

Several supplies to Egypt might be affected, traders say

Moscow | Reuters — Russia, the world’s biggest wheat exporter, will suspend grain exports until July 1 once its export quota is exhausted, which is currently expected to happen in mid-May, its deputy agriculture minister Oksana Lut said on Friday. Russia last fully banned wheat exports in 2010 when drought hit its harvest, rocking global […] Read more


CBOT May 2020 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: Wheat firm on Russia export quota plan

Chicago corn ends lower

Chicago | Reuters — U.S. wheat futures rose on Friday on optimism about export prospects as a Russian plan to cap grain exports for the rest of the season shifted attention back to potential supply tensions during the coronavirus pandemic. However, futures pared gains on profit-taking ahead of the weekend and worries that the rally […] Read more