GM wheat research in full flow
After several years of being the forgotten crop in the global development of genetically modified crops, wheat is suddenly smack bang in the middle of most biotech programmes. It was 2004 when Monsanto decided to plug on Roundup Ready wheat, with media reports at the time citing a lack of consumer acceptance as a key…
Wheat prices improve as US maize fears grow
Strong export demand for UK wheat and ongoing concerns for the US maize crop have driven wheat prices higher again this week. The London feed wheat futures November 2011 contract closed at £174/t on Tuesday (30 August), up about £5/t on last week’s two-month high. Domestic markets followed gains in the US, where a crop…
Morning markets: wheat leads crop price fall into month-end
Can the sellers get the upper hand this time? For a second day, early deals witnessed bears getting some traction in agricultural commodity markets, notably in wheat, which set course for a third day of losses, on a neutral day for external markets. (Tokyoshares closed up a smidgen, but oil and copper futures were marginally…
CME to trim allowable vomitoxin in CBOT wheat
The CME Group Inc (CME.O) announced several changes to its Chicago Board of Trade wheat contract on Tuesday, which include reducing the amount of vomitoxin allowed in wheat delivered against CBOT contracts. The new quality rules are intended to make the delivered wheat more attractive to millers and exporters, it said. CME said that starting…
Wheat harvest wrapping up
Winter wheat harvest is wrapping up with the aid of the weather and is 92 percent complete, according to the Crop Weather report released Monday by the Montana Field Office of the National Agricultural Statistics Service. Progress is ahead of last year’s 82 percent harvested as this time. The five year average is 91 percent…
Rain gods bless Australia, Argentina prays for their wheat
SYDNEY (Commodity Online): In the past few days, rain gods have blessed Australia Wheat crops with some much needed showers even as Argentina is lacking the same. The Kagaroos are looking forward to reap 24 million tons, down from 26.3 million tons for the last crop year spanning October 2010 and September 2011. But the…
Kazakh wheat exports to fly as season progresses
Kazakhstan looks like, Ukraine, to become an increasing force in wheat exports as 2011-11 progresses, despite transport costs which have hit $160 a tonne just to get grain to some ports. The former Soviet Union country’s grain exports look set to rebound further than had been expected, to 8.3m tonnes, including 8.0m tonnes of wheat,…
CME Group modifies Wheat Futures contract
CME Group today announced modifications to its Wheat futures contract as part of its regular and ongoing contract review process. The modifications, which are the result of feedback from a broad cross section of wheat futures industry participants, will go into effect in two phases. These contracts are listed with, and subject to, the rules…
Washington wheat crops way above average
Cooler temperatures this year have given Washington’s wheat famers a boost. The cool wet spring combined with good ripening conditions in July and August have increased yields here. At the same time, severe drought has diminished the harvest in the nation’s Plain states. As a result, Washington is expected to surpass Texas and Oklahoma in…
A ‘no-grow’ wheat crop
After the failure of many of their summer crops due to drought, producers now have good reason to worry that they won’t make a winter wheat crop either, according to a Texas AgriLife Extension Service expert. "There are some real concerns right now, not only about potentially getting the crop up in the future, but…