wheat exports Archives - Page 3 of 5

Grain consortium lobbying hard for Australia’s biggest wheat exporter

By GFM Network News March 4, 2016

Sydney/Reuters – A consortium seeking to buy Australia’s biggest wheat exporter, Co-operative Bulk Handling Ltd (CBH), is stepping up lobbying for its offer amid concerns the deal may be snubbed and reports of a rival Chinese bidder. The Australian Grains Champion (AGC), which includes farmers and some former directors of CBH, wants to acquire and list […] Read more

Cereals, Crops, Markets, Reuters

Canadian wheat rejected in Egypt re-exported to Europe

By GFM Network News March 3, 2016

Abu Dhabi | Reuters — A shipment of Canadian wheat rejected in Egypt over concerns it contained traces of ergot has been re-exported to Europe after Egypt’s agricultural quarantine rejected a petition from the supplier, trade sources said Thursday. Egypt’s quarantine authority has rejected a series of wheat shipments over traces of the common grain […] Read more

Crops, Markets, Winter Wheat

U.S. wheat futures could be scraping bottom

By GFM Network News February 11, 2016

CNS Canada — A general downtrend in U.S. wheat futures remains in place, with all three markets hitting fresh contract lows over the past week. However, there may not be much more room to the downside, according to an analyst. “The (U.S. Department of Agriculture) reports on Tuesday (Feb. 9) were not beneficial for the […] Read more

(Commercial Port of Vladivostok, vmtp.ru)

Crops, Markets, Reuters

Russia now expected to leave grain tax scheme intact

By GFM Network News January 29, 2016

Moscow | Reuters — Russia, one of the world’s largest wheat exporters, is not expected to change its current regime of taxes on grain exports, sources said on Friday, following proposals to change them. Concerns over the possibility of tougher limits on Russia’s foreign sales of wheat sent global prices to a one-month high earlier […] Read more

Crops, Markets

Lower loonie helps farmers, but only so much

By GFM Network News January 27, 2016

CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more

Crops, Markets, Reuters, Spring Wheat, Winter Wheat

Russian ministry proposes reducing wheat export tax

By Reuters, GFM Network News December 21, 2015

Moscow | Reuters — Russia’s agriculture ministry has proposed that the government reduce or cancel its wheat export tax due to rouble volatility and a decline in global wheat benchmarks, the Interfax news agency reported, citing first deputy minister Evgenii Gromyko. The rouble has lost about six per cent against the U.S. dollar since the […] Read more

Crops, Markets, Reuters, Weather

Russia aiming for steady grain crop in 2016

By Reuters, GFM Network News December 15, 2015

Moscow | Reuters –– Russia, one of the world’s largest wheat exporters, is aiming for an unchanged grain harvest in 2016 compared with the current year, the agriculture ministry said Tuesday. If the weather remains favourable during the winter and spring, Russia, a major wheat supplier to Turkey, Egypt and Iran, will harvest a large […] Read more

Crops, Markets

Views mixed on impact of crude’s slip for ag markets

By GFM Network News December 9, 2015

CNS Canada — While just about everyone agrees the plunging price of oil will have a bearish effect on commodity prices, the size and impact of that fall seems to vary. As recently as Nov. 4, crude oil prices were $48.64 a barrel, but since then have fallen to US$37.86, as of Wednesday’s opening. Some […] Read more

Port of Quequen, Argentina. (AntaresShipping.com)

Cereals, Corn, Crops, Reuters

Argentina ag minister says grain export taxes on way out

By Reuters, GFM Network News November 29, 2015

Buenos Aires | Reuters –– Argentina’s incoming government will abolish export taxes on corn and wheat the day after it assumes office and reduce the export tax on soy by five per cent, designated Agriculture Minister Ricardo Buryaile confirmed to the daily Clarin. President-elect Mauricio Macri won the election last Sunday on a platform of […] Read more

Crops, Markets, Reuters

Russia-Turkey tensions stymie new wheat deals

By GFM Network News November 27, 2015

Reuters — Political tension between Russia and Turkey has put a brake on new wheat deals between the two countries and created uncertainty about existing agreements, traders said Thursday. Relations between Russia, one of the world’s largest wheat exporters, and Turkey, the largest buyer of Russian wheat, have quickly deteriorated after Turkey shot down a […] Read more

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

GFM Network News