Ukraine wheat misses out on Egyptian order

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Ukraine, while regaining clearance as an approved wheat exporter to Egypt, will have to wait longer to win an order, being undercut at tender by supplies from neighbouring Russia. Ukrainian wheat was offered at $249.92 a tonne at the first tender by officials at Egypt’s General Authority for Supply Commodities (Gasc) since they readmitted the…


Aussie farm flags wheat tactic as price fears rise

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JPT Capital trumpeted the call by its Australian farms to lock in firm wheat prices by selling in advance even as data showing the country’s wheat stocks at a record high raised fears for values. The Monaco-based fund management group said that forward selling "a percentage" of the newly-started wheat harvest at prices "above current…


Kazakh wheat price falls to half world levels

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Kazakh wheat prices fell to roughly half international levels, and to below the cost of transporting the grain to port, depressed by a shortage of silo space which has left farmers storing grain in rail wagons. Prices of third grade milling wheat at the Kazakhstan border with Russia tumbled over August and September by 40%…


India may produce record over 86 mn tonnes of wheat: Sharad Pawar

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NEW DELHI: Wheat production is expected to cross 86 million tonnes to set a new record in the ongoing 2011-12 crop year, boosted by a good monsoon and a likely rise in support prices, Agriculture MinisterSharad Pawar said today. Wheat production in India, the world’s second-largest producer, stood at a record 85.93 million tonnes in…


Wheat and corn futures fall while oat and soybean futures rise on the CBOT

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CHICAGO — Grains futures traded mixed Wednesday on the Chicago Board of Trade. Wheat for December delivery dropped 34 cents to $6.2675 a bushel; December corn fell 4.25 cents to $6.4075 a bushel; December oats rose 6 cents to $3.45 a bushel; while November soybeans rose 4 cents to $12.3950 a bushel. Beef futures and…


Wheat harvest better than expected

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Better than expected is the preliminary verdict on this year’s wheat harvest, despite spring drought and harvest rain. English wheat production is estimated at about 13.64Mt, 1.5% down on the five-year average, according to results of a National Farmers Union (NFU) members’ survey. The crop area of 1.82Mha was about 3% higher than last year…


Earlier wheat types for ‘safer’ harvests

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After a year which appears to have suited taller, more freely tillering, later-maturing wheat, South West growers are being reminded to look at the bigger picture and still select other types for this autumn’s plantings. "Don’t forget the value of early maturing types in terms of gaining a good start and protecting wheat quality in…


Food price inflation concerns will persist despite wheat, rice falls

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FOOD-PRICE inflation concerns for policy makers are set to persist even as rice declines and wheat trades below this year’s peak, according to the United Nations, which said that importers are still paying more than a year ago. Another year of bumper wheat and rice harvests, as well as a continued surplus in corn, is…


Aussie wheat exports record will curb prices

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Market analysts predict that Australia will export a record amount of wheat in the coming year, helping to curb upward pressure in global prices. The Australian Bureau of Agricultural and Resource Economics and Sciences estimate that the country will export 20.4m tonnes in the year starting October 1, up 9.5pc from last year. Production was…


GM wheat trials to begin in UK

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GM wheat trials are to begin in the UK next year, after Defra granted Rothamsted Research permission to release wheat lines genetically modified for resistance to aphids. Hertfordshire-based Rothamsted will conduct trials during 2012 and 2013, with independent expert group the Advisory Committee of Releases to the Environment (ACRE) – which evaluated its application –…


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