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US grain prices were mixed but mostly higher last Friday, with some wheat contracts jumped as much as 4.5% higher by the close. Corn prices also made inroads, moving 1% higher. In contrast, soybean prices continued to spill lower a bit. On macro markets, oil settled above $79 a barrel on Friday, just shy of […]

Yesterday, US corn prices ended higher, soybean closed lower, wheat contracts made dramatic gains. Corn prices received a little help from the wheat complex this week, with December futures rallying 2.8% from last Friday.  Soybean prices were not as lucky as the grains this week, as nearby November contract took a 3% loss.  Soymeal was

The Agricultural Ministry of Russia updated rates of export duties for wheat, barley and corn under the mechanism of “grain damper” that came into force on June 2. Thus, from October 6, the export duty on wheat will be increased to 57.8 USD/t, from 53.5 USD/t the week ago. Additionally, the export duty on barley

Euro zone inflation hit a 13-year high last month and looks likely to jump higher still, further clouding the European Central Bank’s benign view of the biggest price spike since before the global financial crisis. Consumer price inflation in the 19 countries sharing the euro accelerated to 3.4% year on year in September from 3%