
Tag Archives Russian wheat

U.S. grains: Wheat retreats from five-week high
Chicago | Reuters — U.S. wheat and corn futures closed lower on profit-taking and a lack of market-moving news on Thursday while soybeans firmed, buoyed by concerns about the size of Brazil’s crop. Chicago Board of Trade (CBOT) March wheat settled down 4-1/2 cents at $5.21-1/2 per bushel (all figures US$). CBOT March corn ended […] Read more
World crop briefs: Russia makes wheat pitch to Algeria
CNS Canada — Russia is attempting to crack Algerian wheat markets open, according to reports from Bloomberg news agency. Russia recently hosted a tour of Algerian officials and plans to send a trial shipment of wheat to Algeria soon, the agricultural agency Rosselkhoznadzor told Bloomberg. Russian wheat exports to Algeria have previously been limited because […] Read more

U.S. grains: Wheat down on weak export demand
Chicago | Reuters — U.S. wheat futures fell for a third straight day on Wednesday, pressured by plentiful global supplies and strong competition for export business, especially from Russia, traders said. Corn fell, following wheat, and soybeans also declined after a choppy session. Chicago Board of Trade December wheat settled down 4-3/4 cents at $4.30 […] Read more

CBOT weekly outlook: Corn, soybeans eye Tropical Storm Harvey
CNS Canada — The potential for a storm in the Gulf of Mexico to bring rain to parts of the U.S. Midwest has caught the attention of the grain and oilseed markets. “If it turns farther north and hits some of the dry spots in Indiana, Ohio and Illinois that would be a little bit […] Read more

Russia muscling into rivals’ wheat markets
Moscow | Reuters — Russia is muscling in on the markets of its European and North American competitors as it overtakes the European Union to become the world’s biggest wheat exporter for the first time. Russia is expecting a record crop in the 2016-17 marketing season, which began on July 1, while EU harvests are […] Read more

Egypt tightens import quarantine rules on grains
Cairo | Reuters — Egypt has tightened its agriculture quarantine regulations, imposing a rule that will prevent grain shipments suspected of contamination from being offloaded until they receive test results, according to a letter sent to traders Monday. The rule comes just one month after the world’s biggest wheat buyer discontinued its controversial zero tolerance […] Read more

Russia-Turkey tensions stymie new wheat deals
Reuters — Political tension between Russia and Turkey has put a brake on new wheat deals between the two countries and created uncertainty about existing agreements, traders said Thursday. Relations between Russia, one of the world’s largest wheat exporters, and Turkey, the largest buyer of Russian wheat, have quickly deteriorated after Turkey shot down a […] Read more

Iran cancels import duties on wheat, barley
Dubai/Moscow | Reuters — Iran has canceled import duties it imposed on wheat and barley in July, according to an official document seen by Reuters on Tuesday. The document said the import duties ended on Sept. 6 for wheat and on Aug. 22 for barley. It gave no reason for the cancellation. The Iranian government […] Read more

New wheat-marketing system isn’t just a mess — it’s a great big mess
With Canada’s wheat selling at a discount to Russia’s, it’s time to admit the new open market isn’t working as it should
Reading Time: 3 minutes Critics of the Canadian Wheat Board used to routinely point to published price quotes for U.S. Dark Northern Spring (DNS) wheat from the Pacific Northwest (PNW) and assume that was a benchmark price for all wheat sold in the world. If the board got less, it must have screwed up, said the critics. In fact, […] Read more
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