Reuters – Asian millers will look elsewhere for their wheat as attacks on Ukrainian ports after the collapse of a safe passage deal spark supply risks, traders and analysts said. Supply constraints from the key Black Sea region add further uncertainty amid the prospect of dry El Niño weather threatening Asian crops and exacerbating food
Asian wheat buyers go shopping after Ukraine port attacks
Food inflation: Tight grain, oilseed supplies to keep prices elevated
Demand will remain high and production will face challenges in the coming year
Reuters – Drought or too much rain, the war in Ukraine and high energy costs look set to curb global farm production again next year, tightening supplies even as high prices encourage farmers to boost planting. Production of staples such as rice and wheat is unlikely to replenish depleted inventories, at least in the first
Waterlogged Australian wheat crop faces extensive quality downgrades
Around half of wheat on east coast may be downgraded, industry analysts say
Reuters – Flooding and excessive rains across key parts of Australia’s wheat growing areas have resulted in extensive damage to what was expected to be a record high quality crop, exacerbating concerns over world food supplies. A lower quality crop in Australia, the world’s No. 2 supplier of wheat, comes as dryness in North America
Shipping woes to squeeze China’s soybean stocks
Reuters – China’s soybean stocks are set to tighten further as delays in shipments from the United States deepen shortages of key animal feed ingredient soymeal, keeping prices at record highs. Ships carrying up to three million tonnes of U.S. soybeans, which were scheduled to arrive this month and in November, are likely to be
Australian wheat crop quality at risk due to heavy rains
Reuters – Widespread rains in Australia’s eastern grain producing states are likely to downgrade quality of the wheat crop, which is scheduled to be harvested at the end of the year, traders and analysts said. Wheat quality reductions in Australia are set to deepen concerns over global food supplies, with the world heading toward the
The (wheat) wonder Down Under
Australia set for third year of bumper wheat harvests, easing world supply woes
Reuters – Australia is poised for a third year of near-record wheat production in 2022 as good weather boosts planting across its Grain Belt, easing concerns over tight global inventories. World wheat supplies have tightened after Russia’s invasion of Ukraine earlier this year cut off shipments from one of the top exporting regions, sending grain prices sharply higher and
U.S. planting delays, Ukraine war prop prices
Reuters – Chicago corn was largely unchanged on Wednesday and near a decade high, scaled in the previous session, as traders fretted over planting delays in the United States and a lack of supplies from wartorn Ukraine. Soybeans and wheat, meanwhile, inched higher. The most active corn contract, Cv1, was unmoved at $7.9975 a bushel,
Strong demand for U.S. cargoes underpin Chicago soybean prices
Black Sea supply squeeze supports wheat, corn prices, analysts say
Chicago soybean futures are on the rise, with signs of strong export demand for U.S. cargoes supporting prices, even as the South American harvest peaked. Wheat also rose and corn edged higher on continued concerns over the impact of a prolonged Russia-Ukraine conflict on global supplies. “We are in for a long war between Russia
U.S. grains: Wheat and corn up over 20 per cent in 2021, soybeans edge to third year of gains
Chicago/Singapore | Reuters – U.S. corn, wheat and soybean futures were set to post yearly gains, with strong demand and supply constraints in some key production areas of the globe underpinning the markets throughout 2021. Corn futures, which have jumped 23.4 percent this year, have paced the grain markets, supported by increased feed usage by livestock as
Drop in global output of bread-making wheat sparks hunt for supplies
From drought to too much rain, top-quality wheat supplies are under pressure
Reuters – A leading Middle Eastern flour miller paid over US$23 million in October for a high-grade Australian wheat cargo and is willing to pay 10 per cent more now for a similar consignment, but is unable to seal a deal as exporters can’t find enough food-grade grain. The miller is one of dozens of global importers
Cyber-Savvy Farmer
