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GRAIN MARKET COMMENT

Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said. Wheat futures fell as much as 3.3% in Chicago trading. Corn and soybeans also fell following rainfall in South America during the weekend. Chicago Board of Trade […]

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UN – FAMINE IS BACK

New York – December 02, 2020 EACH YEAR the United Nations puts out a carefully crafted state-of-the-world assessment from a humanitarian perspective. It considers how much help is needed to stave off disaster in the most vulnerable countries. According to its latest “Global Humanitarian Overview”, released on December 1st, the state of the world is stark.

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Daily Market Wire-December 02, 2020

Chicago wheat March contract down US7.75cents/bushel to 577.25c/bu; Kansas wheat March contract down 8c/bu to 539c/bu; Minneapolis wheat March contract down 3.75c/bu to 549.25c/bu; MATIF wheat March contract down €1.75/t to €205.25; Corn March contract down 5.25c/bu to 420.75c/bu; Soybeans January contract down 6.5c/bu to 1163c/bu; Winnipeg canola January contract up C$5.70/t to $583.80/t; MATIF rapeseed February contract down €4.50 to €404.25; Brent crude

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U.S. WHEAT CROP NEWS

Wheat Acres To Expand For First Time In 8 Years U.S. farmers will be planting more total wheat acres for 2021, thanks to stronger demand, higher grain prices and good weather conditions. US Agency predicts 46 million total acres of wheat will be planted—a 1.7-million-acre increase over the 44.3 million acres of wheat planted in

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China’s need more grain

Beijin – December 01, 2020 CUSTOMS data released last week reveals that China’s insatiable demand for grain continued unabated in October. This was led primarily by demand from the country’s rapidly rebounding pork sector, which was decimated by African Swine Fever in late 2018 and through 2019. China imported a staggering 1.14 million tonnes (Mt)

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GRAIN NEWS

December, 01 2020 Global corn production in the 2020-21 marketing year was revised downward by 10 million tonnes by Expert Ag. in their last November Report . Expert Ag. said the reduced output was mainly linked to smaller crops in the United States, European Union and Ukraine. Overall global grain production was revised downward by 7 million tonnes

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