(Stephen Ausmus photo courtesy ARS/USDA)

U.S. grains: Wheat down on weak export demand

Chicago | Reuters — U.S. wheat futures fell for a third straight day on Wednesday, pressured by plentiful global supplies and strong competition for export business, especially from Russia, traders said. Corn fell, following wheat, and soybeans also declined after a choppy session. Chicago Board of Trade December wheat settled down 4-3/4 cents at $4.30

(Stephen Ausmus photo courtesy ARS/USDA)

U.S. grains: Wheat, corn futures ease, soy firms

Chicago | Reuters — Chicago Board of Trade wheat futures sank to contract lows on Wednesday as ample global supplies provided overseas buyers with cheaper alternatives to U.S. offerings in export deals, traders said. Corn futures also were lower, pressured by the drop in wheat as well as good weather for crop development across the


Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)

Egypt court ruling revives row over ergot in wheat

Cairo | Reuters — A court that ordered the suspension of Egypt’s food inspection system based its ruling in part on the quarantine service’s right to ban grain imports with any trace of the ergot fungus, raising the possibility the contested rule could be restored. The government’s new food inspection system simplified trade after a



(JBSS.infoinvest.com.br)

JBS suspends Brazil beef output amid import bans

Sao Paulo | Reuters — Brazil’s JBS SA, the world’s biggest meatpacking company, announced on Thursday it had suspended beef production at 33 of its 36 Brazilian plants amid the corruption scandal that has caused some of the country’s biggest export markets to ban Brazilian meats. Agriculture Minister Blairo Maggi said a police investigation, which



Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)

Egyptians protest over fears of bread subsidy cuts

Alexandria, Egypt | Reuters — Hundreds of Egyptians protested around the country on Tuesday, blocking roads and surrounding government offices, after a change to the way bread rations are managed raised fears that the government was cutting food subsidies by the back door. Bread subsidies are an explosive issue in Egypt, where more than 70




(FIle photo by Allan Dawson)

U.S. grains: Harvest pressure, profit-taking pull down corn, soy

Chicago | Reuters — U.S. soybean and corn futures fell on Thursday, pressured by profit-taking after a streak of gains and by weakness on the cash market, traders said. Wheat futures rose slightly, with short-covering supporting prices. Wheat also received support from the Egyptian government’s decision to reverse its zero-tolerance policy on the common grain