Normally, the flood of new grain coming in at harvest time drives down crop prices, and with prices already low when the harvest began, farmers in Texas, Oklahoma and Kansas were worried. Wheat grower Vance Ehmke said cash prices at his local elevator in the western Kansas community of Dighton dipped as low as $4.50 a bushel last month but have risen to about $5.50 a...» Read More
*Euronext to imminently relaunch wheat futures contract. *Euronext raises EBITDA margin target. Feb 25- Euronext's 20 years of experience in wheat futures and a planned relaunch of its contracts will help the exchange operator cope if U.S. rival CME Group enters the European wheat market, a senior executive said on Wednesday.
FOB Gulf SRW wheat basis offers fell 5 cents for February-April shipments with futures also falling after Egypt's GASC canceled its American-wheat only tender because prices were too high, traders said. *But hard red wheat basis offers were up 5 cents, adjusting after exporters sharply cut values on Tuesday and HRW wheat futures sold-off on Wednesday.
FOB Gulf SRW wheat basis offers fell 5 cents for February-April shipments due to lower futures after Egypt's GASC cancelled its American-wheat only tender because prices were too high, traders said. *But hard red wheat basis offers were up 5 cents, adjusting after exporters sharply cut values on Tuesday and HRW wheat futures sold-off on Wednesday.
Exporters had hoped slow sales would improve in February and March when competitors like Russia, Ukraine and France usually start running out of wheat. "The problem with U.S. wheat is that anything priced in dollars is more expensive," said Roy Huckabay, grain analyst with The Linn Group in Chicago. For now, exporters say, the world's biggest importers Egypt, Jordan,...
MOSCOW, Feb 17- The head of Russia's Grain Union, Arkady Zlochevsky, said on Tuesday exporters still needed to ship 1 million tonnes of wheat out of Russia to fulfill contracts they signed before state export curbs were imposed. The Russian government has been trying to cool domestic wheat prices, which have been boosted by a slide in the rouble, with informal curbs...
ABU DHABI, Feb 5- Egypt's state grain buyer could soon announce tenders to buy wheat of U.S. origin only in order to make use of a $100 million credit line made available to it by the United States. Egypt's General Authority for Supply Commodities has been relying heavily on French and Romanian wheat purchases since Russia announced informal curbs on its wheat...
*Wheat falls below $5 for first time in three months. *Wheat down 15 pct in Jan, biggest fall since Sept 2011. Wheat posted the biggest percentage losses of the three, with the lead contract dipping below $5 for the first time since mid-October.
*Corn sags on technical selling; exports fail to impress. CHICAGO, Jan 29- Chicago Board of Trade wheat futures rose on Thursday, halting a six-session slide and rebounding from a three-month low after the U.S. Department of Agriculture reported larger-than-expected weekly export sales. Wheat rallied after the USDA reported U.S. export sales in the week ended...
*Corn sags on technical selling; exports fail to impress. CHICAGO, Jan 29- Chicago Board of Trade wheat futures rose on Thursday, halting a six-session slide and rebounding from a three-month low after the U.S. Agriculture Department reported larger-than-expected weekly export sales. Wheat bounced after the USDA reported U.S. export sales in the week ended Jan....
*Wheat falls for 7th day but holds $5 floor. *Soybeans near 3- month low as Latam crops, soyoil weigh. Soybeans eased for a third day to stay close to a three-month low on expectations for record South American crops and a plunge in soybean oil prices.
*Wheat falls for 7th day, trades near 3- month low. *Corn falls to almost 3- month low as crude oil weakens. Corn slid to an almost three-month low on the lack of demand for making grain-based fuel ethanol as crude oil prices hover near their weakest in six years.
*Chicago Board of Trade wheat for March delivery was down 0.3 percent at $5.04 a bushel by 0123 GMT, near a 3-1/ 2 month low of $5.03 touched on Wednesday. *Wheat tumbled 2.6 percent the session before, its deepest single-day drop in more than a month, as funds sold the contract on worries over rising supplies. *Corn dropped 0.3 percent to $3.72-1/ 4 per bushel, its weakest...
CNBC's Jane Wells reports the details out of the latest U.S. crop report.
When the price of sugar falls, things get sweeter for processed food manufacturers such as J.M. Smucker and Hershey, if history is a guide.
The price of oil continues to slide, and it's the birthday of commercial oil wells in the U.S. CNBC's Rick Santelli checks on corn and wheat prices.
The Futures Now team discusses concerns about food inflation, and whether the slide in corn and wheat is good news.
Abah Ofon, Director of Agricultural Commodities Research at Standard Chartered, says tensions about Ukraine have added a supply premium to the wheat market.
The Ukraine conflict has sent commodities markets into a tizzy, with Russia's invasion of the Ukrainian peninsula Crimea pushing up wheat and corn.
In two weeks, Girl Scouts will descend upon supermarkets and businesses to peddle boxes of cookies, tempting people with a new gluten-free cookie.
The United Nations food agency said rising sugar prices due to harvest concerns in Brazil drove global food prices slightly higher in October.