Reading Time: 2 minutes 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
World crop briefs: Russia makes wheat pitch to Algeria
AMIS adjusts world grain production outlooks
Reading Time: 2 minutes CNS Canada –– Global supply-demand outlooks, released by the market monitoring agency of an alliance of 11 international organizations, point to lower corn production for 2018-19. The Agricultural Market Information System (AMIS) Market Monitor report for July said the record corn harvest in 2017-18 will slip by more than four per cent in 2018-19. That’s […] Read more
U.S. grains: Wheat rebounds after weather-driven selloff
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures firmed Thursday on bargain-buying a day after forecasts for much-needed moisture pressed the Kansas City May hard red winter wheat contract to a seven-week low, traders said. Corn futures closed modestly higher while soybeans ended mostly steady. Chicago Board of Trade May wheat futures settled up 2-1/4 cents […] Read more
U.S. grains: Soybeans rise as Argentine weather worries lift soymeal
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed for a fourth straight session on Thursday to the highest in nearly two weeks on concerns that dry conditions in Argentina could reduce the soybean crop and scale back soymeal supplies. Wheat futures rose on short-covering and a weakening U.S. dollar, while corn drifted lower on technical […] Read more
U.S. grains: Exports support soybeans after U.S. holiday
Reading Time: 2 minutes Reuters — Chicago Board of Trade soybean futures rose on Friday to a new four-month high as stronger-than-expected weekly exports and an easing dollar provided support as trading resumed after a holiday closure. Soybeans remained firm despite a decline in soyoil futures, which gave back some of the huge gains from Wednesday when vegetable oils […] Read more
Record crops to send grain stocks to all-time peak, IGC says
Reading Time: 2 minutes London | Reuters –– Global grain stocks are expected to surpass 500 million tonnes for the first time at the end of the 2016-17 season, the International Grains Council said on Thursday, raising its forecasts for both corn and wheat production. The intergovernmental body, in a monthly update, put total grain carryover stocks at the […] Read more
IGC sees smaller global wheat, corn crops in 2015-16
Reading Time: < 1 minute London | Reuters –– Global corn production is expected to fall by five per cent in 2015-16 from this season’s record level and the world wheat crop to decline by a more modest two per cent, the International Grains Council (IGC) forecast on Thursday. The intergovernmental body, in a monthly report, forecast global corn production […] Read more
IGC raises forecast for 2014-15 global corn crop
Reading Time: 2 minutes London | Reuters — The International Grains Council on Thursday raised its forecast for the 2014-15 world corn (maize) crop, reflecting an upward revision to production in China. Global corn production was forecast to total 982 million tonnes, up from a previous forecast of 980 million and just shy of the prior season’s record 984 […] Read more
A message from April Stewart, Country Guide's Associate Editor
