Chicago Board of Trade wheat futures rose further on Wednesday, setting a new 3-1/2-month high, as concern grew about drought in Russia while a drone attack on a Ukrainian river port kept attention on war risks.
Cereals
U.S. grains: Wheat extends rally with weather, war risks in focus
EU proposes to delay landmark anti-deforestation law by 12 months
Law would ban the import of commodities linked to deforestation
The European Commission said on Wednesday it would propose to delay implementation of its flagship law banning the import of commodities linked to deforestation by a year, following calls from industries and governments around the world.
Russian drones attack port infrastructure, power substations in Ukraine
Russian drones overnight attacked port infrastructure in Ukraine's southern Odesa region, damaging a grain facility and buildings at a border crossing to Romania, as well as cutting power to thousands in the northern Sumy region, officials said.
White House sides with union as US dockworker strike enters second day
New York | Reuters — President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labour deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping. The strike by the International Longshoremen’s Association (ILA) union has blocked goods from food to […] Read more
U.S. grains: Wheat rallies on drought, geopolitical tensions; corn follows
Corn futures set new 3-month highs on support from wheat, and as oil prices jumped on Tuesday, after the Israeli military said on Tuesday that missiles had been launched from Iran at Israel and NATO's new chief Mark Rutte voiced strong support for Ukraine.
Vancouver grain workers reach tentative deal to end strike
Workers at six grain terminals in the Canadian port of Vancouver have reached a tentative deal on September 27, ending a strike potentially impacting exports from the world's top canola and number three wheat exporter during the harvesting period.
US East Coast dockworkers strike, halting half the nation’s ocean shipping
Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation's ocean shipping after negotiations for a new labour contract broke down over wages.
U.S. grains: Soy futures soar on US weather woes
U.S. soybean futures hit their highest in two months on Friday as soymeal futures surged by five per cent on worries about damage to crops and infrastructure in the Gulf Coast region following the landfall of Hurricane Helene as well as short-covering ahead of key crop reports due Monday.
EU cuts wheat crop estimate to 12-year low
European wheat production forecast at 12-year low. Corn, barley, oilseeds also down on year.
U.S. grains: CBOT soybeans, wheat see volatile trade as drought risks weigh
Chicago soybeans touched a new two-month peak before ending lower on Tuesday, amid questions over export demand and late-season drought impacts on U.S. crop yields, traders said.
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