CAIRO, Oct 11- Egypt, the world's biggest wheat importer, has enough strategic wheat reserves to last until the first week of March, the supplies minister said on Saturday. Egypt purchased 5.46 million tonnes of wheat from abroad in the 2013-2014 fiscal year in addition to 3.7 million tonnes of local wheat. Hanafi said last week Egypt aimed to cut its state imports...» Read More
*Corn posts sixth straight weekly loss. "Weather forecasts continue to trend more and more beneficial as we enter the key soy development month," said Matt Zeller, director of market information at INTL FCStone said in a note to clients.
*Corn on track for sixth straight weekly loss. Corn and soybeans fell as the weather forecast turned wetter for some of the drier areas of the U.S.
*Corn, soy, wheat all post monthly losses. "The beans firmed up due to some speculators taking advantage of the weakness earlier in light of the very strong demand we are seeing," said Terry Reilly, an analyst at Futures International in Chicago. Chicago Board of Trade soybeans for August delivery settled up 4 cents at $12.24-1/ 2 a bushel.
*Wheat flat in consolidation trading. *Corn, soy, wheat all on track for monthly losses. "The beans firmed up due to some speculators taking advantage of the weakness earlier in light of the very strong demand we are seeing," said Terry Reilly, an analyst with Futures International in Chicago.
*Soybeans supported by strong demand led by China. Wheat futures were lower but trimmed losses in the wake of a U.S. Agriculture Department announcement showing a wheat sale to Nigeria and a soybean sale to top importer China.
CHICAGO, July 18- U.S. wheat futures fell 3.4 percent on Friday, erasing gains posted a day earlier following the downing of a Malaysian commercial airliner over eastern Ukraine, while Chicago Board of Trade corn futures also declined and soybeans were mostly lower.
*Wheat, corn rise from four-year lows. "The weather continues to be excellent for crop development," Sterling Smith, futures specialist at Citigroup, said in a note to clients. Chicago Board of Trade September corn futures settled 3-3/ 4 cents higher at $3.81-1/ 2 a bushel, snapping a nine-session losing streak.
*Wheat ticks up from four-year lows. "The weather continues to be excellent for crop development," Sterling Smith, futures specialist at Citigroup, said in a note to clients. At 11:24 a.m. CDT, Chicago Board of Trade September corn futures were down 1/ 4 cent at $3.78 a bushel.
Corn and wheat have fallen more than 5 percent this week, while soybeans have lost nearly 4 percent amid market expectations that the U.S. Department of Agriculture will raise its estimates for production and stockpiles.
The Futures Now team discusses concerns about food inflation, and whether the slide in corn and wheat is good news.
*Soybeans firm on bargain buying, exports. *Corn following wheat higher after hitting four-month low. Wheat futures rose on support from short-covering as well as disappointing harvest yields in key hard red winter wheat-growing areas of the U.S.
*Soybeans firm on bargain buying, exports. *Corn following wheat higher after hitting four-month low. Corn followed wheat higher, with short-covering also noted after the front-month contract dropped to a four-month low on Tuesday.
*Soybeans drop below $14, fund selling noted. CHICAGO, June 17- U.S. soybean futures fell 1.6 percent at the Chicago Board of Trade on Tuesday, dropping below $14 a bushel for the first time since March 24, on the easing of pressure on the U.S. balance sheet, traders said.
*Wheat hits lowest since late Feb after firm start. *USDA crop ratings expected to be bearish for corn, soybeans. CHICAGO, June 16- Chicago Board of Trade corn futures dropped 1.3 percent on Monday on expectations of a robust U.S. harvest this fall due to good crop weather across the U.S.
*Wheat up after heavy losses in past 5 weeks. PARIS/ SINGAPORE, June 16- Chicago wheat rose more than 1 percent on Monday in a second day of gain on bargain buying after falling for the last five weeks, while soybeans recovered from last week's 2-1/ 2- month low, underpinned by tight old-crop supplies in the United States.
*Soybeans fall despite USDA cutting 2013/ 14 U.S. stocks. USDA also raised its estimate of global 2014/ 15 wheat production, more than offsetting a cut in the U.S. wheat harvest. USDA lowered its estimate of U.S. 2014 winter wheat output to 1.381 billion bushels, from 1.403 billion in May, reflecting losses in the drought-hit U.S.
*Corn also pressured by China halting import permits for U.S. *Wheat sags as Northern Hemisphere harvest nears. At the Chicago Board of Trade as of 11:55 a.m. CDT, July corn was down 10 cents at $4.49 per bushel after hitting $4.45-1/ 2, the lowest spot price since Feb. 24.
*Corn, wheat facing 4th straight weekly drop. *Wheat market watching U.S. harvest, heat in Russia. PARIS/ SINGAPORE, June 6- Chicago corn and wheat futures edged higher on Friday, finding support after favourable crop weather drove prices to three-month lows earlier in the session.
Poor rains in India, where farmers depend on the annual June-September monsoon to irrigate nearly half their land, typically stoke inflation- a key worry for Prime Minister Narendra Modi's newly formed government. India has sold a total of about 11.5-12 million tonnes of wheat overseas in the past two years, dragging on global prices.
FAO WORLD WHEAT OUTPUT FORECAST IS NEARLY 703 MLN TONNES IN 2014, 12.6 MLN TONNES BELOW 2013 RECORD HARVEST.