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Spring wheat

Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)
Crops, Reuters, Spring Wheat

Egypt’s GASC cancels wheat tender as ergot policy bites

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Reading Time: 2 minutes Cairo/Abu Dhabi | Reuters — Egypt’s ability to buy wheat from abroad while demanding zero ergot fungus in shipments was dealt a serious blow on Wednesday, with state grain buyer GASC cancelling its tender after receiving just one offer. It was the country’s first tender to purchase wheat since it reinstated its zero-tolerance ergot policy […] Read more
(Michael Thompson photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Wheat records fourth month of decline

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures posted a fourth consecutive month of losses on Wednesday, pulled down by plentiful global supplies, while expectations of bumper U.S. harvests pressured soybeans and corn. At the Chicago Board of Trade, most-active December wheat settled down four cents at $3.88-1/4 per bushel (all figures US$). December corn ended […] Read more
Harvest equipment stands ready in the Livelong, Sask. area, about 100 km north of North Battleford. (Lisa Guenther photo)
Crops, Markets, Reuters

U.S. grains: Soy, corn, wheat slide on prospects for rising stockpiles

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures fell to multi-year lows on Tuesday and soybeans hit a four-week low on expectations for big crops and rising grain supplies, traders and analysts said. At the Chicago Board of Trade, November soybeans settled down 13-1/2 cents at $9.50-3/4 per bushel and December corn ended down […] Read more
The Nile River at Cairo. (CIA.gov)
Crops, Reuters, Spring Wheat

Egypt bans ergot in wheat, again

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Reading Time: 2 minutes Cairo/Abu Dhabi | Reuters — Egypt reinstated on Sunday a controversial ban on wheat shipments containing even the slightest amount of a common grain fungus, baffling traders who had returned to the Egyptian market just last month when the ban was lifted. The world’s largest wheat importer said on Sunday it was re-introducing its zero […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Wheat falls to decade low on ample supplies

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Reading Time: 2 minutes Reuters — Wheat futures dropped to their lowest price in Chicago in nearly a decade on Friday, pressured by ample supplies and technical selling. Corn dropped for the fifth straight session and soybeans lost ground for the fourth straight day, as a U.S. tour of mostly robust crops wrapped up. The Chicago Board of Trade […] Read more
(Keith Weller photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans sag to near two-week low as crop impresses scouts

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Reading Time: 2 minutes Reuters — Chicago soybean futures slid for a third consecutive session on Thursday, giving up three per cent to their lowest since mid-August, as a widely watched crop tour reported bumper prospects across the U.S. Midwest. Corn and wheat lost ground for a fourth session in a row, amid expectations for huge global grain supplies. […] Read more
Khaled Hanafi, Egypt’s minister for supply and internal trading, shown here at a meeting Tuesday, has resigned in the wake of the country’s ongoing probe into purchases of local wheat. (MSIT.gov.eg)
Crops, Reuters, Spring Wheat, Winter Wheat

Egypt’s wheat corruption scandal takes down supply minister

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Reading Time: 3 minutes Cairo/Abu Dhabi | Reuters — Egypt’s Minister of Supply Khaled Hanafi has resigned amid the highest-profile corruption case since President Abdel Fattah al-Sisi came to power in 2014. Hanafi’s resignation is the most senior-level fallout from a probe into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not […] Read more

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