Category: Wheat News

Wheat News and Analysis from varies commodity news media, we summarize all wheat news into a sitemap summary with link to related wheat News for the one who wanted to catch up wheat price change in timely manner.

Soybeans edge higher; market near 1-1/2 week low as LatAm supply concerns ease

Article contentSINGAPORE — Chicago soybeans ticked higher on Thursday, having slid for the last three sessions on pressure from technical selling and rains across South America easing supply worries.Wheat and corn prices gained ground with additional support from broad-based gains in world markets, lifted by expectations that newly inaugurated U.S. President Joe Biden would put in place further economic stimulus.FUNDAMENTALS* The Chicago Board of Trade (CBOT) most-active soybean...

EU wheat eases as grain rally stalls; Algeria tender assessed

Article contentPARIS — Euronext wheat fell on Wednesday, easing back from a 7-1/2 year high, as beneficial rainfall for South American crops curbed an international grain rally.Wheat traders were also assessing initial reports of an Algerian purchase in a tender, with estimates the importer bought between 120,000 and 300,000 tonnes at around $312-$314 a tonne, cost and freight (c&f) included.March milling wheat on Paris-based Euronext settled 1.75 euros,...

Soybean pull back slows, faces pressure from S. American rains

Article contentCHICAGO — Chicago soybean futures fell on Wednesday, touching their lowest in more than a week, pressured by technical selling combined with rains across South America which ease supply concerns.Corn followed, also pressured by beneficial South American rains, while wheat hovered just under even, supported by export optimism.The Chicago Board of Trade (CBOT) most-active soybean contract was down 6-3/4 cents at $13.79 per bushel by 11:56 a.m....

An AI-based app from SLCM to assess crop quality in a jiffy

Agtech player and post-harvest crop management solutions provider, Sohan Lal Commodity Management Pvt Ltd (SLCM), has developed an AI-based mobile app to provide quality assessment of a crop within a minute with upto 90 per cent accuracy.Speaking to BusinessLine, Sandeep Sabharwal, CEO, SLCM Group, informed that the new service will be launched in the second quarter of next fiscal.“The trader or farmer would just need to scan the...

No let-up in food price hike despite massive imports

KARACHI: Higher imports of food items boosted the overall import bill by 52 per cent to $3.9 billion in the first half of the current fiscal year (1HFY21).In FY21, import of wheat and sugar to control skyrocketing prices of the commodities have played a major role in fuelling the overall import bill. However, the increase in imports of wheat, sugar and palm oil failed to provide any price...

Soybeans down for third session on LatAm rains; wheat, corn ease

Article contentSINGAPORE — Chicago soybean futures slid more than 1% on Wednesday to their lowest in a week as rains across South America lifted crop prospects, boosting expectations of higher world supply.Wheat and corn prices fell.FUNDAMENTALS* The Chicago Board of Trade (CBOT) most-active soybean contract fell 1.4% to $13.67-1/4 a bushel, as of 0120 GMT, having dropped to lowest since Jan. 12 at $13.65 a bushel earlier in...

Australian barley finds a new home in Mexico after China ban

Despite the trade tensions with China and the massive tariff imposed on barley exports, there are some good signs for grain growers on international markets.Key points:A 35,000-tonne barley shipment leaves Albany for MexicoNew markets are emerging to take sting out of China tariffThe Russian trade ban will help Australian growersWest Australian grain handler CBH Group has sent a shipment of malt barley to Mexico, which is a first...

Soybeans fall on South American rainfall

Article contentCHICAGO — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said.Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine.Wheat futures hovered above even, bolstered by an export tax in top-producer Russia.The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 24-1/2 cents to $13.92-1/4...

DeHaat to expand operations to MP, Rajasthan

Agritech services firm DeHaat, which mainly operates in Bihar, Jharkhand, Uttar Pradesh, and Odisha, proposes to expand its operations to Madhya Pradesh and Rajasthan utilising the latest funding of $30 million raised from investors led by Prosus Ventures.RTP Global co-invested in the DeHaat’s C Series funding with participation from existing investors, Sequoia India, FMO, Omnivore & AgFunder. Prior to this round, DeHaat had raised a total of $16...

MGP Names First Lead Master Distiller Matt Greeno to lead Masters team, support product development

ATCHISON, Kan., Jan. 19, 2021 (GLOBE NEWSWIRE) — Matt Greeno has been promoted to the newly created position of Lead Master Distiller at MGP Ingredients, Inc., (Nasdaq: MGPI) a leading supplier of premium distilled spirits and specialty wheat proteins. He is charged with ensuring distillation quality and supporting new product development for contract distilling customers and MGP Brands.Greeno will guide the company’s Master Distillers and process engineers and...

Traders oppose call to limit corn exports from Ukraine

Article contentKYIV — Ukrainian grain traders said on Tuesday they saw no grounds to restrict corn exports for the 2020/21 season, a move requested by animal feed and meat producers to avoid higher feed prices.Ukraine’s economy ministry and agricultural unions will decide on Jan. 25 whether to limit corn exports for the 2020/21 marketing season to 22 million tonnes.Domestic livestock and poultry producers’ associations last week asked the...

Russian gasoline imports surge after lifted moratorium

Russia’s imports of gasoline surged eight times in November compared to October, after the end of a four-month ban on refined oil product imports ended in October. Last year, after the oil price collapse and the crash in demand in the pandemic, Russia’s government banned between June and October imports of refined oil products, including gasoline, diesel, and jet fuel, to protect its refining industry from cheap imports....
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