Benchmark Chicago wheat futures tumbled to their lowest point in more than three years on Wednesday as low prices in an Algerian import tender this week highlighted stiff global export competition from Black Sea grain supplies, traders said.
Cereals
U.S. grains: Wheat hits 3-1/2-year low on export competition
Corn drifted upward, soybeans declined
Feds, producer groups launch wheat research cluster
Government, groups pool more than $20 million in research dollars
The federal government and private and producer groups announced $20 million toward wheat research today.
CBOT weekly outlook: Little to come from March S/D report
Exports the most likely category to see changes, analyst says
There will likely not be a lot of notable changes in the March supply and demand report from the United States Department of Agriculture.
Indian farmers say detentions foil Delhi protest, police say no one held
Protest leaders urged farmers to take busses, trains to capital as tractors were blocked
Dozens of protesting Indian farmers were detained en route to New Delhi on Wednesday, delaying their plan again to converge on the capital to demand higher crop prices, protest leaders said.
Polish farmers clash with police outside parliament in Warsaw
Officers wounded, several people detained, police say
Protesting farmers clashed with police outside the parliament building in Warsaw on Wednesday, with police using pepper spray and accusing some participants of violence against security forces.
U.S. grains: Grains and soy falter on large South American supplies
Most analysts expect USDA to lower its Brazil harvest estimate
Chicago Board of Trade soybean futures slipped on Tuesday, surrendering gains from the previous session as large South American supplies weighed on the market.
Australia wraps up winter wheat/canola harvest
Production beats earlier forecasts, but are still down on the year
Australia’s winter harvest has wrapped up, with wheat and canola production beating earlier forecasts but still down on the year, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
U.S. grains: Soybeans and corn rise on bargain-buying after sharp falls
Brazil soy harvest running ahead of schedule compared to last year
U.S. soybean and corn futures rose on Monday on bargain buying and short-covering after hitting three-year lows recently, but plentiful supply from South America limited gains, analysts said.
Commodity Classic: U.S. corn growers await aviation fuel decision
Biden administration expected to announce within weeks if ethanol will qualify for sustainable aviation fuel tax credit
American corn growers are on pins and needles waiting to find out if corn ethanol will qualify for a lucrative sustainable aviation fuel tax credit.
Commodity Classic: ‘Strong evidence’ for old crop price rally says economist
Booming renewable diesel industry seen as a positive
Old crop corn and soybean prices in the United States will likely rally this spring, according to an agricultural economist.