Warm June, May showers help wheat after cold, dry early spring Agritel sees potential for French crop rebounding to 38 mln T German, Polish production also on track to increase Weather increases odds of good UK crop following sowing reboundPARIS, June 4 (Reuters) - Warm June weather after widespread rain last month is helping European wheat crops recover from a chilly,
EU Wheat Exports Slacken As Importers Juggle With Russian Supply
European Union wheat exports are set to tail off at the end of this season as Russia continues to ship supplies despite export levies while importers hold out for cheaper new-crop grain this summer, traders and analysts said.
Brisk sales of EU wheat earlier in the July-June season, including large volumes of French wheat for China and German wheat for Algeria, had fuelled talk of tight stocks after a smaller harvest last summer.
Russia’s decision to tax wheat exports from mid-February, to help cool local prices, was then expected to bring further demand for EU wheat, but prospects have instead dimmed.
4/9/2021
HAMBURG/PARIS, April 9 (Reuters) - European Union wheat
exports are set to tail off at the end of this season as Russia
continues to ship supplies despite export levies while importers
hold out for cheaper new-crop grain this summer, traders and
analysts said.
Brisk sales of EU wheat earlier in the July-June season,
including large volumes of French wheat for China and German
wheat for Algeria, had fuelled talk of tight stocks after a
smaller harvest last summer.
Russia s decision to tax wheat exports from mid-February, to
help cool local prices, was then expected to bring further
demand for EU wheat, but prospects have instead dimmed.
GRAINS-Corn holds gains on tight supply ahead of USDA report agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.
Bloomberg | Jan 12, 2021
By Megan Durisin, Yuliya Fedorinova and Abdel Latif Wahba
The threat of Russia tightening wheat-export restrictions to safeguard its food supplies is spooking traders, prompting Egypt to take the rare step of canceling a tender to buy the grain.
Russia said it will this week discuss whether to adjust an export tax planned for next month amid concerns the measure hasn’t done enough to keep high domestic prices in check. Egypt, its top customer, drew offers from the fewest companies since June at high prices. That prompted the tender to be scrapped.
The dearth of participants highlights how protectionist measures in grain markets are adding to concerns about tighter global supply. Benchmark wheat, corn and soy futures are near six-year highs as adverse weather threatens crops, and major grain suppliers including Russia and Argentina are seeking to curb shipments to quell local food-price inflation.