CHICAGO, Aug 18- Dave Wiechert of Nashville, Illinois, does good business most years cleaning seed for farmers in preparation for planting season. Wheat currently sells at around $5 per bushel.» Read More
*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.
Decatur, Illinois, rolled its spot bid to 95 cents over August futures on Tuesday. *Old-crop FOB Gulf soybean basis offers fell 5 cents, with June at 90 cents over and July at 85 cents over July futures. *CBOT July soybeans ended 19-1/ 4 cents lower at $14.81-1/ 4 a bushel while November soy closed 8 down at $12.21-3/ 4.
*Soybeans top $15 on bull spreading, strong export demand. *Corn follows soy higher but U.S. weather weighs. *Wheat drops to lowest since March 3.
*Bumper wheat harvests in Ukraine, Russia push down prices. Blessed with near-record output, exporters in Russia and Ukraine are offering the cheapest wheat from the Black Sea region, tempting Asian buyers to switch from the Australian and U.S. grain that has traditionally dominated their supplies.
*Wheat heading for largest monthly decline since Sept 2011. Wheat futures have fallen sharply from the more than 10- month high they notched early this month amid a deep drought in the southern U.S. Wheat on a continuous chart was on track to shed about 11.5 percent this month for the worst such performance since September 2011.
OCTOBER 6 VILLAGE, Egypt May 25- Egypt aims to buy about half of its domestic wheat harvest this year at 4.4 million tonnes and is unlikely ever to get much more from farmers, who need to reserve the rest for seed and to feed their families.
"There is not a lot of business being done," said Mark Schultz, analyst at Northstar Commodity in Minneapolis. The market... has anticipated the crop getting planted, "said Bill Gentry, broker at Risk Management Commodities. For the week, Chicago Board of Trade soft red winter wheat was down 5.5 percent, its biggest weekly decline in four months.
CHICAGO, May 16- U.S. wheat futures fell for the eighth straight session on Friday, on track for their longest losing streak since June, due to poor demand for U.S. offerings on the export market despite the streak of declines. "There is not a lot of business being done," said Mark Schultz, analyst at Northstar Commodity in Minneapolis.
*Wheat unchanged, still on track for sharp fall this week. PARIS/ SINGAPORE, May 16- Chicago corn traded nearly flat on Friday, hovering near a seven-week low hit in the previous session as forecasts for improved weather in the U.S. grain belt boosted expectations that farmers will make rapid planting progress.
*Wheat down 7.4 percent during seven days of declines. The current cold conditions that certain parts of the country are experiencing are going to change next week, "said Tom Fritz, an analyst at EFG Group in Chicago.
*Wheat down 7.4 percent during losing streak. Wheat and soybean futures also were lower, with wheat dropping for the seventh day in a row due to ample global supplies that were chilling demand for U.S. offerings on the export market.
*Wheat pauses after rising in 10 of last 11 sessions. Wheat futures also dropped, taking a breather after reaching the highest levels in more than a year, and corn was lower as well. At the Chicago Board of Trade, benchmark July soybeans settled down 13-1/ 4 cents at $14.46-1/ 4 per bushel, after falling to $14.41-3/ 4, their lowest since April 3.
*Wheat pauses after rising in 10 of last 11 sessions. Wheat futures also dropped, taking a breather after reaching the highest levels in more than a year, and corn was lower as well. At the Chicago Board of Trade as of 12:02 p.m. CDT, benchmark July soybeans were down 11-1/ 4 cents at $14.48-1/ 4 per bushel, after falling to $14.41-3/ 4, their lowest since April 3.
LONDON, May 6- War-torn Syria is struggling to buy food commodities in the quantities it needs, despite repeatedly issuing tenders for hundreds of thousands of tonnes of sugar, rice and wheat, trade sources say.
*Wheat down after peaking near 13- month high. PARIS/ SINGAPORE, May 6- Chicago soybeans fell to a three-week low on Tuesday due to plentiful supplies in South America, slowing demand and rising stocks of rival oilseed canola.
WICHITA, Kansas, April 30- Yield prospects for winter wheat in drought-hit southwestern Kansas are the poorest in more than a decade, potentially tightening global supplies of high-quality milling wheat, scouts on an annual tour of the top U.S. wheat state said Wednesday.
*Local wheat purchasing season set to begin in war-torn Syria. AMMAN/ ABU DHABI, April 28- War and drought have crippled Syria's wheat crop, with some experts now forecasting output of the staple food could fall to around a third of pre-war levels, and possibly even below 1 million tonnes for the first time in 40 years.