| Commodity Market News |
Farmers' group expects lower German wheat yields
06 August 2010
German farmers fear a fall in wheat yields from the 2010 harvest of between 10 to 15 percent on the year, German farmers' association DBV said on Wednesday. This was marginally better than the association's previous forecast of a 10 to 20 percent drop in yields on July 22.
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Australian wheat seen facing less competition in Asia
29 July 2010
Australian wheat is likely to meet less competition in the Asian market in 2011 as there will be less rival Black Sea grain, which was threatening its dominance in the last few years. Wheat from Australia, the world's fourth largest exporter, could also take a bigger share of the Middle Eastern and African markets, industry executives said on Wednesday.
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Russia denies export ban as EU wheat hits peak
29 July 2010
Russia has denied market talk it was restricting grain exports, pulling European wheat prices back from contract highs but not ending concerns about the impact of Russia's worst drought in years.Traders said Russia's drought could lead Moscow to restrict exports if it judged its internal food security was at risk or on worries rising grain prices could threaten inflation rates.
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Wheat surges on Russian drought
16 July 2010
Wheat jumped to the highest price since November on speculation that a prolonged dry spell will widen damage to crops in Russia, the worlds fourth-largest exporter.
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French wheat exports up 3 pct in July-May -customs
14 July 2010
France exported 1.7 million tonnes of soft wheat in May, putting the total for the first 11 months of the 2009/10 season at 15.6 million tonnes. The total for the season so far was up 3 percent on the year-earlier period. The 2009/10 season began on July 1 last year and ended on June 30.
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US wheat tops estimates as world supplies drop
14 July 2010
U.S. farmers will harvest a bumper wheat crop this year, the Agriculture Department said on Friday, pegging domestic production beyond what traders had expected as output declined in other major producing nations. The U.S. wheat crop was forecast at 2.216 billion bushels, 2.5 percent above average trade estimates of 2.163 billion bushels. That's up 7 percent from last month's projection and identical to USDA's tally of last year's crop.
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Pakistan may export 5 m T wheat after bumper crop
03 July 2010
Pakistan may export up to 5 million tonnes of wheat this year as the country expects to harvest a bumper crop.The spike in global food prices between 2007 and 2008 led Pakistan to ban the export of wheat and give incentives to farmers to grow the crop.
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Australian wheat imports may double
29 June 2010
Bread and cookie makers in the country may almost double wheat imports from Australia and Ukraine as they look for cheaper supplies from overseas.
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Argentine wheat outlook improves with rains
16 June 2010
Argentina's 2010/11 wheat sowing advanced slowly due to wet soils, although rains improved the crop's outlook in some areas.Argentina is a top global wheat exporter but a drought severely hit output the last two seasons.
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Rain to hamper Canada wheat, barley exports
16 June 2010
Canada's wheat and barley exports will be "obviously lower" for 2010/11 than they would have been if there had not been record rain in Western Canada.
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