Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in Chinese imports and competition from ample supplies out of rival exporter Russia, analysts and traders said.
Stories by Naveen Thukral
Early Australia wheat harvest shows lower protein, raising supply woes
SINGAPORE, Nov 23 (Reuters) – Early harvest results for Australia’s near record wheat crop are showing lower-than-expected protein levels, raising concerns over supplies to a market already suffering shortfalls from key Northern Hemisphere exporters. Australia is expected to be a key wheat exporter in the 2021-22 season, but heavy rains hampered harvesting in some areas […] Read more
Australian farmers sidestep Chinese tariff hit with record canola crop
SYDNEY/SINGAPORE, (Reuters) – When top barley buyer China last year slapped tariffs of more than 80 percent on imports from Australia amid a bilateral spat, grain farmers Down Under could have been forgiven for fearing tough times ahead. But a switch to canola, combined with ideal growing conditions and near record prices for the yellow-flowering […] Read more
Asian crop importers brace for delays after Hurricane Ida hits U.S. export hub
SINGAPORE, Sept 8 (Reuters) – Asia’s grain and oilseed buyers are set to face shipping delays of at least one month after Hurricane Ida damaged key export terminals around the U.S. Gulf Coast, two traders and one miller said. The slowdown in supplies is likely to stoke food inflation fears for price-sensitive consumers in Asia, […] Read more
Drought brings clouds for Australia wheat, silver lining for Black Sea suppliers
SINGAPORE/SYDNEY, Sept 4 (Reuters) – A third straight year of drought in Australia, blighted by forecasts of below-average rains during the crucial spring growing season, means the country’s wheat crop could shrivel by 10 percent from previous forecasts, traders and industry officials say. And the gloomy prospects for wheat output in Australia, once the world’s […] Read more
China’s soybean buyers push to delay imports as processing losses grow
SINGAPORE/BEIJING, May 31 (Reuters) – China’s soybean importers are pushing to postpone or cancel cargoes mainly ordered from suppliers in Brazil as they rack up hefty losses processing the commodity into cooking oil and animal feed ingredients, said three trade sources. China, which buys around 60 percent of soybeans traded worldwide, took advantage of strong […] Read more
Hot weather hits India’s wheat crop
NEW DELHI, India – Unusually hot weather in northern and central India is likely to hit the country’s wheat crop, which is getting ready for harvest, a top farm scientist reports. “The wheat grains were shaping very well and the country was likely to produce a record crop but hot weather in the past two […] Read more
