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CBOT December 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans end lower on crop prospects

Wheat down on cancelled export tender

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Chicago | Reuters — U.S. corn futures fell more than two per cent on Tuesday and soybeans also declined on optimism for sizable U.S. crops and some forecasts for rain next week, despite pockets of stress from hot and dry conditions, traders said. Wheat futures finished lower after a choppy session, declining after Egypt’s state
Markets, News

Egypt’s wheat imports from Russia rose in March despite war

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Reuters – Egypt, often the world’s top wheat buyer, saw a rise in imports of the grain from Russia in March despite supply and payment disruptions following its invasion of Ukraine that also drove traders to seek shipments from other suppliers. Egypt received 479,195 tonnes of wheat from Russia in March, 24 per cent up
Markets, News

Egypt in talks with Argentina, India and U.S. on wheat imports

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Egypt is in talks with Argentina, India, France and the United States for future wheat imports, but is in no rush to buy at the moment, the supply minister said March 24. Egypt is looking for alternatives to Black Sea grain exports, which have been jeopardized by Russia’s invasion of Ukraine. Russia and Ukraine accounted
News

Top wheat importer Egypt not concerned by market disruptions

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Reuters – Egypt, often the world’s top wheat importer, is not concerned with the global decline in wheat stocks as it benefits from a diverse pool of suppliers, the Supply Ministry told Reuters in a statement. “Our tender book includes 16 wheat import origins, which provides us with flexibility when it comes to managing the
A file photo of cargo ships and harbour cranes in the Ukrainian port of Kherson on the Dnieper River. (Ioanna_alexa/iStock/Getty Images)
Crops, Markets

Ukraine shuts ports as conflict threatens grain supplies

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Moscow/Kyiv | Reuters — Ukraine’s military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president’s chief of staff said, stoking fear of supply disruption from leading grain and oilseeds exporters. Russia earlier ordered the Azov Sea closed to the movement of commercial vessels until further
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soybean futures fall

Chicago wheat futures firm

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Wednesday on seasonal harvest pressure and forecasts that should allow U.S. farmers to continue to make good progress with the cutting of their crops, traders said. “Harvest should continue to expand with weather allowing for quick progress with yields holding up
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets

Tax, competition expected to prolong Russian wheat export season

Tax complicates forward sales for exporters

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Moscow | Reuters — Exports of Russian wheat will stretch well into the second half of the season as Moscow’s export tax and tough competition with Ukraine and Romania slow sales until the end of 2021, traders and analysts said. Russia, the world’s largest exporter of wheat, generally sells most of its crop during the
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybeans fall on technicals, U.S. weather

Wheat, corn futures end firm

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Chicago | Reuters — U.S. soybean futures fell Wednesday on technical selling and forecasts for welcome rains in northwestern portions of the U.S. Midwest, but wheat and corn futures edged higher. Chicago Board of Trade November soybeans settled down 8-1/4 cents at $13.53-1/4 per bushel (all figures US$). CBOT December wheat ended up 2-3/4 cents
A man waves an Egyptian flag after the Ever Given, one of the world’s largest container ships, is fully floated on the Suez Canal in Egypt on March 29, 2021. (Photo: Suez Canal Authority handout via Reuters)
Crops, Markets, Pulses

Pulse weekly outlook: Shipping delays aggravate growers, exporters

Montreal longshoremen's strike again possible

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MarketsFarm — On top of disruptions to major supply chains and shipping routes already due to the COVID-19 pandemic, recent events are causing even more headaches for pulse exporters and growers. The six-day blockage of the Suez Canal by the grounded container ship Ever Given caused a major backup of container ships, tankers and other

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