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,
U.S. planting delays, Ukraine war prop prices
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
Australia wheat shows lower protein, raising supply woes
A near-record crop is coming off, but quality is on the lower end
Reuters – Early harvest results for Australia’s near-record wheat crop are showing lower-than-expected protein levels, raising concerns over supplies to a market already suffering shortfalls from key Northern Hemisphere exporters. Australia is expected to be a key wheat exporter in the 2021-22 season, but heavy rains hampered harvesting in some areas and caused some crop deterioration, analysts and traders said.
Favourable Australian weather spells second bumper wheat harvest
Australia is poised for a second consecutive bumper wheat harvest as farmers plant grain in near-perfect growing conditions, easing some of the global supply concerns, which lifted world prices to multi-year highs last month. Widespread rains in key growing states ahead of planting in April and May boosted the soil moisture needed for seeds to
Asian buyers step up Australian wheat purchases as output rebounds
Reuters – Asian demand for Australian wheat is expected to bounce back in the months ahead as the country is estimated to produce its biggest crop in four years, offering stiff competition to suppliers in the Black Sea region. Around 1.5 million tonnes of wheat are scheduled to be shipped out of Australia in December
How COVID-19 is upending global food supply chains
Cows fed strawberries in India, watermelons rot in U.S., okra not reaching Canada
Satara/Singapore/London | Reuters — In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows. It’s not a treat. They can either feed their crops to animals or let them spoil. And other farmers are doing just that
Panic buying, lockdowns may drive world food inflation
World has ample grain and oilseed supplies, FAO and analysts say
Singapore | Reuters — Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said. The world’s richest nations poured unprecedented aid into the global economy as
U.S.-China trade fears halt soybean imports
Singapore/Beijing | Reuters — China’s purchases of U.S. soybeans have come to a grinding halt, trade and industry sources say, as fears of further action by Beijing to curb imports of U.S. crops following last week’s anti-dumping move on sorghum rattles the agriculture industry. Buyers from China, which takes 60 per cent of soybeans traded
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