Minneapolis

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%

Tunisia’s state grains agency is thought to have purchased 100,000 tonnes of soft wheat and 50,000 tonnes of animal feed barley in an international tender on this morning. C&F basis were as below: For soft wheat, Aston (P1 – 25K) at 364 usd; Graincorp (P2 – 25K) at 359.85 usd; Casillo (P3 – 25K) at

US farm markets, were mixed but mostly lower yesterday. Indeed, corn prices eased slightly, closing with losses of around 0.3%. Soybeans took on the heaviest losses, tumbling 2% lower after USDA-NASS reported larger-than-anticipated stocks in yesterday’s Quarterly Grain Stocks report. On the brighter side, wheat prices made substantial inroads, as US stocks fell to a

According to the US Department of Agriculture, all wheat production totaled 1.65 billion bushels in 2021, down 10 percent from the 2020 total of 1.83 billion bushels. Area harvested for grain totaled 37.2 million acres, up 1 percent from the previous year. The United States yield was estimated at 44.3 bushels per acre, down 5.4

The US marketing year for corn and soybeans is finished and a thorough review of the balance sheet was completed. Per latest data released on this morning by the US Department of Agriculture, U.S. corn production for 2020 is revised down 71.0 million bushels and U.S. soybean production is revised up 80.8 million bushels from

According to the US Department of Agriculture,  US weekly wheat net sales, for the period September 17-23, 2021, were at 290,100 metric tons (MT), down 19% from the previous week and 30% from the prior 4-week average. Increases primarily for Japan (51,500 MT, including decreases of 5,700 MT), Taiwan (49,600 MT), Nigeria (44,700 MT, including 44,000 MT switched from

US grain prices were mixed but mostly higher yesterday. Traders are expecting to see shrinking US supplies in USDA’s next quarterly grain stocks report, out on this morning. Thus corn prices saw the biggest bounce, trending 1.25% higher by the close. Soybeans trended 0.5% higher, meantime. Winter wheat contracts rising between 0.6% and 1%. Spring