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Winter wheat

(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soy ends firm, rebounding from last week’s multi-month lows

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Tuesday on reminders of fresh export demand, extending a modest rebound from multi-month lows set last week, traders said. Wheat futures drifted lower after a long U.S. holiday weekend while corn ended steady to slightly higher, with the benchmark December corn contract settling unchanged. At the […] Read more
The Nile River at Cairo. (CIA.gov)
Crops, Reuters, Spring Wheat

Health ministry decision makes zero ergot Egypt’s new normal

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Reading Time: 3 minutes Abu Dhabi/Cairo | Reuters — Egypt’s health ministry banned wheat with any ergot fungus on Monday, a decision traders said signals the zero tolerance policy that wreaked havoc on the country’s grain purchases earlier this year is back to stay. The decree, seen by Reuters, brings the ministry in line with an agriculture ministry decree […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Wheat rises for a second day on short-covering

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Reading Time: 2 minutes Singapore/Paris | Reuters, 7:01 a.m. CT –– Chicago wheat futures prices rose for a second session on Friday with short-covering ahead of the Labour Day holiday weekend supporting prices, although the trend was set for a second week of declines amid plentiful world supplies. Corn was up for a second day, recovering from a multi-year […] Read more
(Photo courtesy Water Management Research Unit, ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Bargain buyers boost corn, wheat from multi-year lows

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Reading Time: 2 minutes Reuters — Chicago corn and wheat rose on Thursday as investors covered short positions and bought at bargain prices after the grains plumbed multi-year lows during eight-day skids on prospects of abundant U.S. and world supplies. Most-active soybeans edged higher, halting a seven-day losing streak under pressure from an expected record U.S. crop. Chicago Board […] Read more
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

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