HAMBURG, Nov 22 (Reuters) – Chicago wheat futures rose to their highest level in around nine years on Monday as shrinking supplies in top global exporters underpinned the market. Soybeans and corn also rose, gaining some spillover support from wheat. “There is problem in getting good-quality wheat,” said one Singapore-based trader at an international trading […] Read more
Stories by Michael Hogan
Iran buying record volume of wheat after worst drought in 50 years – sources
LONDON/MOSCOW/HAMBURG, Oct 13 (Reuters) – Iran needs to buy a record 8 million tonnes of wheat in the current season, Iranian industry sources said, after its domestic crop was hit by drought, while the jump in imports will coincide with high global grain prices adding to pressures on the country’s finances. Bread is a staple […] Read more
Soybeans hit 9-month low on big U.S. stocks, low Chinese buying
HAMBURG, Oct 4 (Reuters) – Chicago soybeans fell on Monday, hitting their lowest in around nine months as larger-than-expected U.S. stocks and lack of Chinese buying weighed. Wheat fell after a rally last week, pulling down corn. Chicago Board of Trade most-active soybeans fell 0.7 percent to US$12.37-1/4 a bushel at 1044 GMT, after earlier […] Read more
German exporters fear losses over Russian import limits
HAMBURG, Germany – German beef exporters fear a serious loss of business if Russia imposes its planned import restrictions on meat, says the head of Germany’s meat industry association. About 20 percent of German beef exports to Russia could be cut, said Heike Harstick, chief executive of German meat industry association Verband der Fleischwirtschaft. Italian […] Read more
