Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures hit a six-month high on Tuesday, supported by a pickup in export business and news that Russia, the world’s top wheat supplier, is considering limiting grain exports through June, traders said. Soybean futures ended flat and corn drifted lower as brokers awaited Wednesday’s signing of a U.S.-China Phase […] Read more
U.S. grains: Wheat hits six-month top as world prices rise
China eases customs curbs for soy imports through northern border
Reading Time: 2 minutes Beijing | Reuters — China has eased customs regulations on imports of soybean through some northern border checkpoints, the commerce ministry said, a move that could smooth the way for shipments from neighbours such as Kazakhstan, Russia and perhaps Ukraine. The changes come as China looks to diversify soybean imports amid trade tension with the […] Read more
Grain World: Geopolitics is back dominating global relations
Reading Time: 3 minutes Saskatoon | MarketsFarm — Geopolitics is again shaping the international scene, including China, Jason Shapiro explained here Thursday at the Grain World conference. Geopolitics, he said, resulted in catastrophic global wars and generated very little peace for close to a century. Shapiro, director of analysis for Geopolitical Futures — an Austin, Tex.-based international risk analysis […] Read more
U.S. grains: CBOT wheat surges to five-month high
Reading Time: 2 minutes Corrected, Nov. 30 — Chicago | Reuters — Chicago wheat futures exploded to a five-month high on Friday due to threats to global production and as fund scrambled to cover their short positions in the post-holiday market, traders said. The wheat rally gave support to Chicago corn futures, which hit a three-week high on the […] Read more
U.S. grains: Wheat hits one-month top on firm cash markets
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed to a one-month high on Monday on firm domestic cash values and signs of rising global cash prices, traders said. Corn futures followed wheat higher but soybean futures fell, with the benchmark January contract hitting its lowest level in more than two months. Chicago Board of Trade […] Read more
Global wheat production to decrease, USDA says
Reading Time: 2 minutes MarketsFarm — In the latest supply and demand report from U.S. Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. USDA has now projected 765.53 million tonnes of wheat to be produced in 2019-20, according to the department’s world agriculture supply and demand estimates (WASDE), released Thursday. That’s […] Read more
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
U.S. grains: Soy, corn close higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the […] Read more
U.S. grains: Soy, corn, wheat firm ahead of USDA monthly data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures closed higher on Wednesday as traders adjusted positions a day before a monthly U.S. Department of Agriculture (USDA) report in which analysts expect the government to lower its 2019 U.S. yield estimates for corn and soybeans. The report due on Thursday is drawing extra interest […] Read more
U.S. grains: Wheat, corn down on crop conditions, weather
Reading Time: 2 minutes Chicago | Reuters — Chicago corn and wheat futures settled down on Tuesday after the U.S. Department of Agriculture (USDA) raised its condition ratings for both grains and more crop-friendly weather was forecast for the Midwest. “This downward trend has been led by wheat,” said Ted Seifried of Zaner Group. “These crop conditions are absolutely […] Read more
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