Chicago | Reuters — U.S. corn futures fell about two per cent on Wednesday and soybeans declined almost as much, pressured by strong yield prospects in the Midwest crop belt, traders said. Wheat futures also eased, with the Chicago Board of Trade December contract hitting its lowest in four weeks. CBOT December corn settled down […] Read more
U.S. grains: Corn, soy sag on harvest expectations
U.S. grains: Wheat extends decline as Russian supply worries abate
Chicago | Reuters — U.S. wheat futures fell on Tuesday for a second straight session as fears of a shortfall in Russian wheat exports diminished, traders said. Corn and soybean futures also declined, pressured by spillover weakness from wheat as well as improving crop conditions in the U.S. Midwest after widespread rains. Chicago Board of […] Read more
Russian ag minister sees no need for wheat export duty, for now
Moscow | Reuters — Russia’s agriculture minister sees no reason for now to introduce an export duty on wheat and is not considering one, he was quoted as saying by RIA news agency on Tuesday. A meeting at the agriculture ministry on Friday fuelled speculation among traders that Russia could consider grain export curbs once […] Read more
U.S. grains: Wheat eases on ideas of Russian exports, long liquidation
Chicago | Reuters — U.S. wheat futures fell three per cent on Monday on expectations of a pickup in Russian wheat exports in the next few months as shippers try to get ahead of potential export curbs, traders said, while soybeans clung to modest advances. Corn followed wheat lower. Chicago Board of Trade December wheat […] Read more
U.S. grains: Wheat tops one-week high on Russia export concerns
Chicago | Reuters — U.S. wheat futures jumped to their highest prices in more than a week on Friday on concerns that top-exporter Russia may curb grain exports, traders said. Russia will consider restricting 2018-19 shipments once they reach 30 million tonnes, following a request from meat-producing regions, according to traders who met with the […] Read more
Pulse weekly outlook: Wider price spreads likely with big chickpea crop ahead
CNS Canada — Canadian farmers planted their largest chickpea crop in more than a decade in 2018, with the bigger crop likely to lead to a wider price spread between larger- and smaller-calibre supplies. Statistics Canada has placed chickpea acreage for 2018 at 468,900 acres, which would be well above the 160,000 acres planted in […] Read more
U.S. grains: Wheat jumps on global crop worries
Chicago | Reuters — U.S. wheat futures climbed for a second straight day on Thursday on bargain buying following the market’s recent drop and on a weather-reduced wheat crop in Russia, the world’s top exporter. Corn followed wheat higher, underpinned by concerns that heavy rains and flooding in parts of the U.S. Midwest could drag […] Read more
U.S. grains: Wheat surges after USDA cuts Russian output estimate
Chicago | Reuters — U.S. wheat futures surged nearly four per cent for the biggest gains in about a month on Tuesday after the U.S. Department of Agriculture slashed its estimate for production in top exporter Russia. Corn futures jumped over two per cent while soybeans notched more modest gains in the wake of the […] Read more
U.S. grains: Soybeans climb on hopes for renewed demand from China
Chicago | Reuters –– U.S. soybean futures scaled to a 2-1/2-week high on Wednesday as signs of renewed Chinese demand for U.S. exports lifted prices for a fourth straight session. Corn reached a 9-1/2 month peak on concerns about planting and early crop development due to adverse weather, while wheat extended prior-session gains as dry […] Read more
Bayer petitions Russian antitrust watchdog for more time in Monsanto case
Frankfurt/Moscow | Reuters — Bayer has taken Russia’s competition regulator to court over the watchdog’s investigation into the company’s planned takeover of Monsanto, a further hiccup in the US$64 billion deal amid intense antitrust scrutiny. A Bayer spokesman said the German company was petitioning the court in Russia to be given more time to discuss […] Read more
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