Wednesday, 29 August 2012 11:01
Posted by Imaduddin
SYDNEY: US wheat rose on Wednesday, gaining for the first time in six sessions, on concerns key producer Russia may curb exports of the drought-hit grain at an agricultural ministry meeting later this week.
Soybeans extended gains into a second session on export demand from China and corn edged up as damage to crop yields in the US Midwest from the worst drought in more than 50 years continued to underpin prices.
"There is a meeting of the Russian Agricultural Ministry on Friday, which is expected to bring about export limits, so there's a bit of positioning ahead of that," a Melbourne-based commodity trader said, referring to the rise in wheat prices.
A sharply reduced Russian 2012 grain crop forecast, which the government recently cut to 75 million tonnes, has sparked concerns Moscow might ban exports.
Russia barred grain exports for almost a year in August 2010 after a severe drought. This year Russia's ...
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SYDNEY: US wheat rose on Wednesday, gaining for the first time in six sessions, on concerns key producer Russia may curb exports of the drought-hit grain at an agricultural ministry meeting later this week.
Soybeans extended gains into a second session on export demand from China and corn edged up as damage to crop yields in the US Midwest from the worst drought in more than 50 years continued to underpin prices.
"There is a meeting of the Russian Agricultural Ministry on Friday, which is expected to bring about export limits, so there's a bit of positioning ahead of that," a Melbourne-based commodity trader said, referring to the rise in wheat prices.
A sharply reduced Russian 2012 grain crop forecast, which the government recently cut to 75 million tonnes, has sparked concerns Moscow might ban exports.
Russia barred grain exports for almost a year in August 2010 after a severe drought. This year Russia's ...
SYDNEY: US soybeans inched higher on Tuesday as concerns about tight supplies from the drought-striken Midwest lingered, while corn firmed amid concerns over potential damage from Tropical Storm Isaac.
Wheat also rose for the first time in five sessions on worries about global supplies.
Chicago Board Of Trade November soybeans rose 0.29 percent to $17.23-1/4 a bushel, having fallen 0.74 percent on Monday. Despite rains across the US Midwest last week, the US Department of Agriculture said ...
SYDNEY: US soybeans extended gains into a second session on Thursday as the market readied for a supply and demand report from the US Department of Agriculture, while weather concerns for new-crop oilseed production fed bullish sentiment in grains.
Corn rose, gaining for a second day after a two-day sell-off, while wheat tracked higher on worries that grain production in the Black Sea, which normally supplies around a quarter of world wheat exports, would be hit ...
SYDNEY: US soybeans fell more than 2 percent in early deals on Monday, unwinding the gains achieved on Friday when the oilseed firmed on stronger-than-expected US economic data.
At 0003 GMT, Chicago Board Of Trade November soybean contracts were down 2.32 percent to $15.91 a bushel after climbing 0.7 percent in the previous session. November soybeans fell to as low as $15.75-3/4 a bushel during early Asian trading.
September soybeans fell 2.12 percent to $16.01 a bushel, ...
