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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

wheat buyer

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

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
Corn up 20-25 cents, wheat up 15-20 cents, soy up 9-13 cents
Markets

Corn up 20-25 cents, wheat up 15-20 cents, soy up 9-13 cents

  • Wheat futures supported by expectations of increased wheat feeding by livestock and poultry producers due to high price of corn.
  • New contract highs made across the board in soft red winter wheat, hard red winter wheat and MGEX spring wheat futures.
Published 26 Apr, 2021 06:27pm
EU wheat exports slacken as importers juggle with Russian supply
Markets

EU wheat exports slacken as importers juggle with Russian supply

  • Brisk sales of EU wheat earlier in the July-June season, including large volumes of French wheat for China and German wheat for Algeria, had fuelled talk of tight stocks after a smaller harvest last summer.
  • Russia's decision to tax wheat exports from mid-February, to help cool local prices, was then expected to bring further demand for EU wheat, but prospects have instead dimmed.
Published 09 Apr, 2021 09:04pm
Sovecon raises forecast for Russia's 2021 wheat crop
Markets

Sovecon raises forecast for Russia's 2021 wheat crop

  • Conditions in the south - Russia's largest wheat producing area - were improved by healthy precipitation, Sovecon said. Russia is one of the world's largest exporters of wheat.
  • Wheat in the southern part of Russia entered last winter in the worst shape in a decade. However, the 2021 weather was favourable for the region, and crop conditions improved dramatically in recent months.
Published 09 Apr, 2021 08:49pm
Tunisia tenders to buy 75,000 tonnes soft wheat
Markets

Tunisia tenders to buy 75,000 tonnes soft wheat

  • The wheat is sought in three 25,000 tonne consignments for shipment between May 15 and June 25 depending on origin supplied.
  • The agency said in the tender it reserves the right to buy 10% more or less than 75,000 tonnes.
Published 07 Apr, 2021 07:04pm
Taiwan tenders for 96,485 tonnes wheat of US-origin
Markets

Taiwan tenders for 96,485 tonnes wheat of US-origin

  • The tender seeks a range of different wheat types in two consignments for shipment from the US Pacific Northwest coast.
  • One consignment of 45,505 tonnes is sought for shipment between May 29 and June 12. A second consignment of 50,980 tonnes is sought for shipment between June 15 and June 29.
Published 06 Apr, 2021 01:08pm
China sells 1.588mn tonnes of wheat at auction of state reserves
Markets

China sells 1.588mn tonnes of wheat at auction of state reserves

  • The volume sold, at an average price of 2,363 yuan ($360.36) per tonne, rose slightly from around 1 million tonnes sold last week.
  • Chinese feed makers have been scooping up wheat from reserves to substitute for more expensive corn. But demand for the grain has cooled down a little as corn prices fell.
Published 06 Apr, 2021 10:33am
Wheat down 2-4 cents, corn steady-down 2 cents, soybeans mixed
Markets

Wheat down 2-4 cents, corn steady-down 2 cents, soybeans mixed

  • Good soil moisture that is boosting crop prospects in key growing areas pressures wheat futures.
  • On a continuous basis, the most-active CBOT soft red winter wheat contract hit a three-month low overnight and was on track for a weekly drop of 2.6%, which would be its biggest since early February.
Published 26 Mar, 2021 08:27pm
Tunisia buys soft wheat, durum wheat and feed barley in tender
Markets

Tunisia buys soft wheat, durum wheat and feed barley in tender

  • The soft wheat was said to have been bought at $298.49 a tonne on a cost and freight (c&f) basis for four consignments and $302.19 a tonne c&f for one consignment, all from trading house Casillo.
  • The durum was bought in two consignments, all at an estimated $374.68 a tonne c&f, also from Casillo.
Published 18 Mar, 2021 09:39pm
Wheat down 3-4 cents, corn down 1-2, soybeans down 7-10
Markets

Wheat down 3-4 cents, corn down 1-2, soybeans down 7-10

  • Wheat heads lower on improving crop weather in the US Plains winter wheat belt and a lack of supportive news.
  • CBOT May soft red winter wheat last traded down 3-3/4 cents at $6.36-1/4 per bushel. K.C. May hard red winter wheat was last down 6 cents at $5.95 a bushel and MGEX May spring wheat was down 2-3/4 cents at $6.30-1/2.
Published 18 Mar, 2021 08:10pm
Wheat down 5-6 cents, soy down 3-4, nearby corn up 3-4
Markets

Wheat down 5-6 cents, soy down 3-4, nearby corn up 3-4

  • Wheat futures lower on improved US winter wheat condition ratings and ideas that Russia might relax grain export controls.
  • Weekly winter wheat condition ratings improved in the last week in Kansas and Oklahoma while holding steady in Texas, the US Department of Agriculture said Monday.
Updated 16 Mar, 2021 10:03pm
South Korea's MFG buys about 130,000 tonnes of feed wheat
Markets

South Korea's MFG buys about 130,000 tonnes of feed wheat

  • The feed wheat was purchased in two 65,000 tonne consignments at an estimated $282.86 a tonne c&f for arrival in South Korea around Aug. 24 and at $275.14 a tonne c&f for arrival in South Korea around Sept. 24.
  • If the August arrival consignment is sourced from the US Pacific Northwest coast, Australia or Canada, shipment is sought between July 21 and Aug. 9.
Published 05 Mar, 2021 06:42pm
Philippines tenders for 145,000 tonnes of wheat
Markets

Philippines tenders for 145,000 tonnes of wheat

  • Deadline for price submissions is believed to be Thursday, March 4.
  • The group is seeking 75,000 tonnes of feed wheat in two consignments for delivery between April and June. Another 70,000 tonnes of milling wheat is sought in two consignments for delivery in June.
Published 02 Mar, 2021 06:29pm