MGEX September 2019 spring wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat sags on abundant global supplies

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) soft red winter wheat futures fell to three-month lows on Tuesday while U.S. hard wheat futures hit their lowest levels in a decade, pressured by ample world supplies and strong export competition, analysts said. Corn futures fell to life-of-contract lows on mild crop weather that bolstered […] Read more



File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Brazil expected to introduce tariff-free wheat import quota from 2020

Reading Time: 2 minutes Sao Paulo | Reuters — Brazil is expected to introduce a tariff-free wheat import quota of 750,000 tonnes per year starting from 2020, the president of the country’s wheat industry group Abitrigo, Rubens Barbosa, said on Tuesday. Brazil announced the opening of the tariff-free wheat import quota earlier this year in connection with President Jair […] Read more


File photo of a combine harvesting a wheat crop in Ukraine. (SergBob/iStock/Getty Images)

Ukraine president plans farmland reform, large privatizations

Reading Time: 2 minutes Kiev | Reuters — Ukraine President Volodymyr Zelenskiy ordered his new government to submit a draft law for land market reform by the start of October and to prepare large-scale privatizations of state companies starting in April next year. Zelenskiy has pledged to lift a longstanding ban on the sale of farmland, a move that […] Read more




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Brazil’s JBS says it uses satellites to monitor cattle suppliers

Reading Time: < 1 minute Sao Paulo | Reuters — The world’s largest meatpacker JBS SA is closely monitoring the origin of the cattle it buys in Brazil amid heightened concerns about environmental preservation and sustainable business practices, its CEO said Wednesday. Speaking at an industry event in Sao Paulo, JBS CEO Gilberto Tomazoni said the company is using satellite […] Read more


CBOT November 2019 soybeans, with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soy set one-week highs on weather concerns

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures touched one-week highs on Thursday as traders worried about the risk of frost damage to this year’s late planted U.S. crops, analysts said. Traders were also covering short positions after recent declines and ahead of the three-day Labour Day weekend. They remain nervous about the potential […] Read more