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wheat buyer

EU trims 2021/22 wheat harvest and stocks forecasts
Markets

EU trims 2021/22 wheat harvest and stocks forecasts

  • Commission cuts soft wheat crop forecast by 400,000 tonnes.
  • Demand revisions also contribute to lower stocks forecast.
  • Barley stocks raised as 2020/21 crop rise outweighs 2021/22 cut.
  • Forecast maize production trimmed, rapeseed unchanged.
Published 24 Jun, 2021 05:50pm
Paris wheat consolidates
Markets

Paris wheat consolidates

PARIS: Euronext wheat was little changed on Wednesday as traders assessed weather conditions for crops in North...
Published 24 Jun, 2021 03:36am
Wheat down 9-11 cents, corn down 13-19 cents, soy down 18-25 cents
Markets

Wheat down 9-11 cents, corn down 13-19 cents, soy down 18-25 cents

  • Russian export prices for the summer's new wheat crop fell last week under pressure from approaching good crop in the Black Sea area, analysts said.
  • China's corn imports in May jumped to 3.16 million tonnes, a 395% year-over-year jump, according to customs data.
Published 21 Jun, 2021 06:50pm
Soy down 12-23 cents, corn down 8 to 13 cents, wheat down 5-7 cents
Markets

Soy down 12-23 cents, corn down 8 to 13 cents, wheat down 5-7 cents

  • Russian agriculture consultancy Sovecon said on Friday that it had raised its forecast for Russia's 2021 wheat crop by 1.5 million tonnes to 82.4 million tonnes.
  • CBOT July corn was last down 8-1/4 cents to $6.90-3/4 per bushel, while new-crop December corn eased 12-1/4 cents to $6.04-1/4.
Published 11 Jun, 2021 06:41pm
Financial investors raise net long position in Euronext wheat
Markets

Financial investors raise net long position in Euronext wheat

  • Commercial participants lowered their net short position to 110,351 contracts from 116,691 a week earlier.
  • In Euronext's rapeseed futures and options, non-commercial market participants increased their net short position to 12,119 contracts from 10,594 a week earlier.
Updated 09 Jun, 2021 08:20pm
Russia's wheat exports seen down in new season, says Sovecon
Markets

Russia's wheat exports seen down in new season, says Sovecon

  • Russia competes with the European Union (EU) for the rank of the world's largest wheat exporter. Egypt, Turkey and Bangladesh are the largest buyers of its wheat.
  • Russian exports will decline because of a smaller wheat crop, which Sovecon expects to reach 80.9 million tonnes, down from 85.9 million tonnes in 2020, it said in a note.
Published 01 Jun, 2021 06:49pm
Corn up 3-5 cents, wheat up 0-2 cents
Markets

Corn up 3-5 cents, wheat up 0-2 cents

  • Wheat up slightly overnight after the most-active contract dropped 2.69% on Wednesday to its lowest since April 21.
  • Exporters also sold 317,700 tonnes of wheat for the 2021/2022 marketing year.
Published 20 May, 2021 08:25pm
EU 2020/21 soft wheat exports 23.44 million tonnes by May 16
Markets

EU 2020/21 soft wheat exports 23.44 million tonnes by May 16

  • That was down from 31.27 million tonnes cleared by the same week last season, the data showed.
  • Since Jan. 1, the European Commission's data has covered the EU's 27 countries only, whereas previous figures up to Dec. 31 covered both the EU-27 and Britain.
Published 17 May, 2021 08:41pm
EU wheat extends rally
Markets

EU wheat extends rally

PARIS: Euronext wheat climbed further on Thursday, again buoyed by rising corn prices that raised the prospect of...
Published 08 May, 2021 03:30am
Soybeans, wheat up 10-15 cents, corn up 4-8 cents
Markets

Soybeans, wheat up 10-15 cents, corn up 4-8 cents

  • Weak dollar supportive to wheat as well as forecasts for dry weather in northern US Plains.
  • Corn seen firming for seventh straight session, as no relief is forecast for dry Brazil growing areas. Strong export demand also supportive.
Published 07 May, 2021 06:51pm
Soy up 12-16 cents, corn up 6-12 cents, wheat up 3-5 cents
Markets

Soy up 12-16 cents, corn up 6-12 cents, wheat up 3-5 cents

  • Wheat futures rising on bargain buying after most-active contract fell 2.3% on Monday, its biggest daily percentage drop since March 30. Strength in corn market underpins wheat.
  • The US Agriculture Department said that the US winter wheat crop was rated 48% good to excellent as of May 2, down 1 percentage point from a week ago.
Published 04 May, 2021 06:55pm
EU cuts 2021/22 soft wheat crop forecast to 124.8mn tonnes
Markets

EU cuts 2021/22 soft wheat crop forecast to 124.8mn tonnes

  • That would still be above 2020/21 production of common wheat, or soft wheat, of 117.2 million tonnes, the Commission's monthly supply and demand data showed.
  • The Commission also lowered its projection of soft wheat stocks at the end of 2021/22, to 11.4 million tonnes from 12.9 million last month, reflecting the reduced harvest forecast.
Published 29 Apr, 2021 06:24pm