(Keith Weller photo courtesy ARS/USDA)

U.S. grains: Soy, wheat extend winning streak

Washington | Reuters — U.S. soybean and wheat futures rose on Wednesday, the sixth straight higher close for both commodities, as technical buying and short-covering pulled prices higher after they drifted into negative territory, traders said. Corn futures closed mostly lower, weighed down by an ample supply base and some technical sales after the benchmark


(Stephen Ausmus photo courtesy ARS/USDA)

U.S. grains: Weather fears, short-covering lift prices

Chicago | Reuters — U.S. grain futures edged higher Tuesday on concerns that unfavourable crop weather could threaten domestic production, as markets temporarily shook off the weight of massive global inventories. Technical buying and short covering ahead of a monthly U.S. Department of Agriculture report on Wednesday helped fuel the gains, traders said. Wheat traders

(Photo courtesy Canada Beef Inc.)

Egypt quarantine authority to ban ergot until new laws passed

Cairo | Reuters — Egypt’s agriculture quarantine authority will continue to apply a zero ergot policy on wheat shipments until new legislation is issued, the new head of the authority told Reuters on Tuesday. Former quarantine chief Saad Moussa’s zero-tolerance policy on common grains fungus ergot resulted in shipments to the world’s biggest importer of


(Photo courtesy Canada Beef Inc.)

Egypt to allow trace ergot in wheat

Cairo | Reuters –– Egypt will allow wheat imports with trace levels of the ergot fungus of up to 0.05 per cent, the agriculture ministry said Monday, a day after the head of its agriculture quarantine authority was changed. Former quarantine head Saad Moussa’s zero tolerance policy on ergot had led to shipments to the







(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat rallies after multiyear lows

Chicago | Reuters — Chicago Board of Trade wheat futures rallied to close higher on Wednesday as traders covered short positions following the market’s drop to its lowest level in nearly six years. Soybean futures also advanced on bargain buying, halting a six-session slide, while corn settled fractionally higher. At the CBOT, May wheat finished