Khaled Hanafi, Egypt’s minister for supply and internal trading, shown here at a meeting Tuesday, has resigned in the wake of the country’s ongoing probe into purchases of local wheat. (MSIT.gov.eg)

Egypt’s wheat corruption scandal takes down supply minister

Cairo/Abu Dhabi | Reuters — Egypt’s Minister of Supply Khaled Hanafi has resigned amid the highest-profile corruption case since President Abdel Fattah al-Sisi came to power in 2014. Hanafi’s resignation is the most senior-level fallout from a probe into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not […] Read more


(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans weighed down by big harvest prospects

Reuters — U.S. soybeans and grains dipped on Wednesday, weighed down by abundant harvest prospects in key countries. Soybeans led the way lower, as the closely watched four-day Pro Farmer U.S. Midwest Crop Tour scouted impressive crops in central Illinois, following its observation a day earlier of above-average soybean pod counts in Nebraska and Indiana. […] Read more






Harvest starts to hit the bin, progress on par with five-year-average

Harvest starts to hit the bin, progress on par with five-year-average

Saskatchewan Crop Report for the week ending August 15

Saskatchewan producers have three per cent of the 2016 crop in the bin, according to Saskatchewan Agriculture’s weekly Crop Report. Seven per cent of the provincial crop is swathed or ready to straight-cut. Harvest progress is on par with the five-year average (2011-2015). The break in rain showers toward the end of the week allowed […] Read more

(Bob Nichols photo courtesy ARS/USDA)

U.S. grains: Soybeans weaken while corn, wheat tick higher

Chicago | Reuters –– U.S. soybean futures eased on Thursday, closing well above session lows as technical buyers stepped into the market after profit-taking sparked an early sell-off, traders said. Wheat and corn futures firmed on short-covering, recovering from early dips into negative territories. Rain in key U.S. growing areas that removed some lingering doubts […] Read more



(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Exports support soybeans

Chicago | Reuters –– U.S. soybean futures rose to their highest in nearly four weeks on Wednesday on strong demand from China, the world’s top buyer of the oilseed, traders said. Corn and wheat futures posted mild gains on a round of short-covering. It was corn’s fourth positive close in a row. “We had some […] Read more