Russia’s winter grain region drier than last year

MOSCOW, Nov 30 (Reuters) – Russia’s winter grain sowings are in a worse condition than a year ago, but snow and rains may help in December, the head of the weather forecaster Hydrometcentre said on Thursday. Russia, one of the world’s largest wheat exporters, harvested a record grain crop this year mostly due to favourable […] Read more

U.S. government confirms it won’t cut biofuel targets

NEW YORK/WASHINGTON, Nov 30 (Reuters) — The U.S. Environmental Protection Agency said on Thursday it will require fuel companies to blend slightly more biofuels into the nation’s gasoline and diesel next year, reversing a previous proposal for a small cut. The concession comes after Midwestern lawmakers and representatives of the corn industry had pressured the […] Read more

Brazil soybean outlook may rise as weather fears wane

SAO PAULO, Nov 29 (Reuters) – Brazilian analysts are likely to raise soybean output forecasts in coming weeks as weather fears have subsided and the crop is developing well, four consultancies told Reuters this week. As seeding began about two months ago large areas were dry, but rain so far this season has been good […] Read more

Another bumper Russian grain crop likely in 2018 says forecaster

MOSCOW, Nov 29 (Reuters) – Russa is expected to produce another large grain crop in 2018 following a record crop this year and increasing pressure on prices, leading agriculture consultancy SovEcon said on Wednesday. In the first major estimate for 2018, SovEcon said Russia’s grain harvest could amount to 128.2 million tonnes next year after […] Read more

Spring wheat falls again, canola edges higher

There was wide trade in December Minneapolis wheat Tuesday with the contract falling below US$6 a bushel for the first time since June before recovering slightly. December closed at $6.03 ½, down 6 ½ cents. On Monday it closed down 13 ½ cents for a 20 cents decline over the two days. Today Kansas hard […] Read more

Russian grain export port infrastructure growing

MOSCOW, Nov 28 (Reuters) – Grain export capacity expansion at Russian ports will boost the country’s grain shipments by 30 million tonnes annually from 2022, Agriculture Minister Alexander Tkachev was quoted as saying on Tuesday. Russia is one of the world’s largest wheat exporters and its total grain exports are expected to hit a record […] Read more

China imports corn as domestic prices rise

BEIJING/SINGAPORE, Nov 28 (Reuters) – China has bought around 10 to 12 cargoes of mainly U.S. corn in the past month and is set to step up purchases as a record gap between domestic and international prices encourages buyers to seek out cheap imports, three trade sources said. Overseas purchases by the world’s second-largest corn […] Read more

Canola continues to slip

A slump in soybean oil futures has slapped canola with Monday losses. Soybeans rose weakly, helped by a strong grain in soybean meal. Wheat contracts also slipped, with spring wheat falling hardest, down 11-13 cents per bushel, or about double the decline posted by winter wheat contracts. Canola has been slipping since mid-November, entering a […] Read more

CME live cattle climb as cash prices seen rising

CHICAGO, Nov 27 (Reuters) – Chicago Mercantile Exchange live cattle futures rose on Monday as profitable packer margins and firm beef prices fueled expectations that cash cattle would trade at higher prices this week. December live cattle finished up 1.250 cents per pound at 119.825 cents after holding chart-based support at the 50-day moving average […] Read more