CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for May delivery was 9.25 cents higher at $4.8340 a bushel; May corn was 8.50 cents higher at $3.8940 bushel; May oats was unchanged at $1.96 a bushel; while May soybeans gained 11.50 cents to $10.3060 a bushel. April live cattle was. 75 cent lower at $1.2525 a pound; April... » Read More
*USDA report likely to drive market direction. *USDA report may show lower U.S. winter wheat plantings. The market is now awaiting tonight's USDA report, "a European trader said.
*USDA report likely to drive market direction. *USDA report may show lower U.S. winter wheat plantings. Wheat prices dropped to a five-year low last week as projections from the USDA show that stockpiles will end the growing season at the end of June this year at a record 229.86 million tonnes.
*Corn, soybeans ease as China worries weigh. *Movements restrained as traders eye Tuesday's USDA reports. A USDA announcement of 368,000 tonnes of U.S. soybean export sales and 152,400 tonnes of corn sales lifted prices earlier in the day, but that support soon faded.
Olam is expanding its footprint in Africa with the $275 million purchase of BUA Group's wheat milling and pasta making assets.
*Soybeans fall back towards 6- week low after bounce. *China jitters, South America supply keep mood bearish. PARIS/ SINGAPORE, Jan 7- U.S. corn slipped on Thursday towards the low hit a day earlier while soybeans and wheat also eased as a financial markets sell-off fuelled by China jitters added to bearish sentiment about bumper South American crops.
*Wheat imports must have zero ergot fungus- quarantine body. *Wheat shipments stuck at French port. CAIRO/ ABU DHABI, Jan 6- Egypt, the world's largest purchaser of wheat, has imposed restrictive import requirements, an agricultural authority official told Reuters, alarming traders who threatened to boycott tenders for the politically sensitive commodity.
PARIS/ SINGAPORE, Jan 5- Chicago wheat edged higher on Tuesday, rebounding after the most active contract slid to a five-year low in the previous session on concerns over global demand growth, notably from China. "China is a big concern, everyone is more bearish on commodities," said an agricultural commodities analyst in Australia. Chicago agricultural futures...
*Corn falls 1.9 percent to four-month low. CHICAGO, Jan 4- Chicago Board of Trade corn, wheat and soybean futures fell sharply on Monday as concerns about economic weakness in China and the dollar's strength raised concerns about global demand for U.S. commodities, traders said. "2016 is starting off with a thud, mainly due to China," brokerage INTL FCStone said in a...
*Corn falls 1.5 percent to four-month low. CHICAGO, Jan 4- Chicago Board of Trade corn, wheat and soybean futures fell sharply on Monday as concerns about economic weakness in China and the dollar's strength raised concerns about global demand for U.S. commodities, traders said. "2016 is starting off with a thud, mainly due to China," brokerage INTL FCStone said in a...
PARIS/ SINGAPORE, Jan 4- Chicago soybean futures slid on Monday to touch a two-week low, with rain in Brazil's top soybean belt keeping the country on course for a bumper harvest, on top of already ample global supply of the oilseed. Wheat edged lower as worries about weather risks for U.S. and Black Sea crops eased and large worldwide stocks continued to cap prices,...
*Wheat almost flat, market eyes U.S. weather; corn eases. Wheat was largely unchanged as the market was torn between concerns over adverse weather for U.S. soft red winter wheat and abundant world supplies. Wheat lost around a fifth of its value last year.
*Soybeans lower on forecasts for welcome rains in Brazil. *Wheat, corn little changed in quiet pre-holiday trade. *Wheat down 20 pct for year; corn down 10 pct, soy down 14 pct.
*Wheat under pressure from ample global supplies. *Corn and soybeans slightly lower. Wheat is set for a yearly loss of 20.35 percent, the second-biggest annual loss since 2008. "The market is focused on the ample supply of wheat globally," said Hannah Johnson, chief analyst at Profarmer Australia, in a note to clients.
*Wheat's rally lifts corn off contract lows. *Soybeans higher after five-session slide. At the Chicago Board of Trade as of 12:32 p.m. CST, March wheat was up 8 cents at $4.74-1/ 2 per bushel.
*Egypt buys Argentine wheat in tender. Egypt, the world's top wheat importer, bought 120,000 tonnes of Argentine wheat in a tender that highlighted the intense competition U.S. sellers face on the world market. "We saw some very steep competition out there," Rich Nelson, chief strategist for brokerage Allendale in Illinois, said about the Egyptian wheat tender.
*Wheat at its lowest since Dec. 3 on large supplies. Wheat was little changed after dropping to its lowest since Dec. 3 earlier in the session while soybeans edged higher on bargain buying after two days of declines. Chicago Board Of Trade corn for March delivery fell 0.1 percent to $3.65-3/ 4 a bushel by 0247 GMT after dropping to its lowest since Dec. 17.
*Brazil corn, soy at risk but forecast improves. Soybeans and wheat gave up earlier gains that were based on weather concerns for developing crops, while corn led the way down in choppy trading ahead of Friday's Christmas holiday. Chicago Board of Trade March corn dipped 5-3/ 4 cents or 1.6 percent to $3.66-1/ 4 a bushel.
*India seen buying more wheat, record volumes of vegoils. *Global biodiesel consumption to rise on U.S., Indonesia moves. Yields for both farm commodities are already on the wane, with dryness linked to an El Nino weather event and unseasonal rains covering key growing areas in the Black Sea region, Southeast Asia, India and Australia.
BUENOS AIRES, Dec 17- The currency devaluation set to kick off in Argentina on Thursday is expected to pump millions of tonnes of pent up soybean supply into the international market at a time when the world is already seeing record stockpiles. His grains production push is happening as global stocks of corn, soybeans and wheat are already projected by the U.S....
*Soybeans hit lowest since Nov. 25. CHICAGO, Dec 16- Chicago Board of Trade wheat, corn and soybeans fell on Wednesday as traders grappled with huge world stocks of all three commodities. "Like the other grains, there is not much happy happening in the wheat on the upside now," Charlie Sernatinger, global head of grain futures at ED&F Man Capital, said in a note to clients.