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wheat crop

EU forecasts higher wheat crop, exports in 2021/22
Markets

EU forecasts higher wheat crop, exports in 2021/22

  • In grain supply and demand data, the Commission also projected that EU exports of common wheat, or soft wheat, would reach 30.0 million tonnes next season compared with 27.0 million expected in the current 2020/21 season that ends on June 30.
Published 25 Mar, 2021 06:31pm
Wheat down 6-8 cents, corn down 1-3 cents, soy up 2-4 cents
Markets

Wheat down 6-8 cents, corn down 1-3 cents, soy up 2-4 cents

  • Profit-taking expected after most-active soft red winter wheat contract jumped 1.2% on Tuesday, its biggest rally in two weeks.
  • CBOT May soft red winter wheat futures contract dropped below its five-day and 100-day moving averages during the overnight trading session.
Published 24 Mar, 2021 07:28pm
Paris wheat hits five-week low on slack import demand
Markets

Paris wheat hits five-week low on slack import demand

  • Front-month May milling wheat on the Paris-based Euronext exchange was down 1.25 euros, or 0.6%, at 218.50 euros ($260.32) a tonne.
  • It earlier touched its lowest since Feb. 12 at 218.25 euros, just below a previous five-week low touched on Friday.
Published 22 Mar, 2021 08:59pm
Wheat up 1-3 cents; soybeans, corn down 3-5 cents
Markets

Wheat up 1-3 cents; soybeans, corn down 3-5 cents

  • CBOT wheat inching higher overnight after the USDA offered mixed ratings for US winter wheat conditions. Gains are limited by rain forecasts across the US Southern Plains.
  • Russian wheat export prices fell last week after two weeks of growth due to lower prices in Chicago and Paris, analysts said.
Published 09 Mar, 2021 08:45pm
Pakistan believed to pass in 300,000 tonnes wheat tender
Markets

Pakistan believed to pass in 300,000 tonnes wheat tender

  • Offers in the tender from the Trading Corporation of Pakistan (TCP) which closed on Tuesday were regarded as too high at a time when Pakistan's own grains harvest is starting, a trader said.
  • Wheat prices have risen since Russia announced grain export taxes to reduce its overseas shipments and cool Russian domestic prices.
Published 05 Mar, 2021 06:25pm
Wheat up 5-7 cents; corn, soybeans down 2-4 cents
Markets

Wheat up 5-7 cents; corn, soybeans down 2-4 cents

  • Wheat futures rebounding from three straight days of declines, supported by deteriorating crop conditions in the US Plains.
  • The US Agriculture Department lowered its good-to-excellent ratings for wheat in Kansas, Texas and Oklahoma.
Published 02 Mar, 2021 08:30pm
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
US wheat, soybeans, corn fall on profit taking
Markets

US wheat, soybeans, corn fall on profit taking

  • Corn and soybean futures also weakened, with traders noting a lack of export activity this week even with Chinese buyers back on the market following the Lunar New Year celebrations.
  • "A bull market needs to be fed everyday," said Mark Gold, founder of Top Third Ag Marketing. "We just do not see export numbers justifying these kind of prices."
Published 26 Feb, 2021 09:28pm