Senior News Analyst
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Latest From Gary Howard
German agricultural and energy trading and services group BayWa has, through UK subsidiary Cefetra, acquired niche UK grains trader Premium Crops Ltd.
Egypt’s apparent zero-tolerance on ergot content of wheat imports has ended, according to Reuters.
Wheat futures were up marginally this morning, and were boosted later in the session on strong export sales.
January soybean futures lost 4¼¢ overnight as traders appear to be looking for confirmation of the improved forecasts for South America, while the market drifts toward support levels closer to USD9.70 per bushel.
Overnight, corn futures traded slightly higher with the March contract up ½¢ to USD3.49½.
Brazil’s grain crop is estimated at 226.5 million tonnes, down 4.7% from last years 237.7 mln tonnes harvest, according to Brazil’s National Supply Company Conab.