Latest news with #corn
Zawya
a minute ago
- Business
- Zawya
Chicago soybeans and corn steady on favourable weather; wheat edges higher
BEIJING/PARIS - Chicago soybean futures were flat on Thursday, holding near a four-month low amid favourable weather, abundant global supplies and sluggish Chinese demand. The most active soybean contract on the Chicago Board of Trade (CBOT) was barely changed at $9.95-1/4 a bushel at 1045 GMT after four consecutive sessions of losses. Corn futures were unchanged at $4.12-1/4 per bushel, pressured by favourable Midwest weather that is boosting expectations of a strong U.S. harvest. Harvesting has already begun on the far southern fringes of the crop belt, including Texas and Louisiana, weekly U.S. data showed. Wheat gained 0.1% to $5.24-1/2 a bushel after rising for two consecutive session, supported by concern over the European harvest. Ukraine's 2025 grain harvest, however, is likely to fall to between 51 million and 52 million metric tons, from about 55 million tons in 2024, mostly owing to poor weather, the deputy head of Ukraine's largest farm union said on Thursday. UAC's Denys Marchuk said the harvest could include 21 million tons of wheat, down from 22 million tons harvested in 2024. Meanwhile the European Commission trimmed its forecast for usable production of both soft wheat and maize (corn) in the European Union in 2025/26. Traders are awaiting weekly U.S. grain and soybean export sales data from the U.S. Department of Agriculture later on Thursday. The agency is also expected to raise its U.S. corn yield estimate in a monthly crop report due on August 12. Prices at 1040 GMT Last Change Pct Move CBOT wheat 524.50 0.75 0.14 CBOT corn 412.25 0.00 0.00 CBOT soy 995.25 -0.50 -0.05 Paris wheat 199.00 0.75 0.38 Paris maize 56.35 -0.15 -0.27 Paris rapeseed 465.00 0.00 0.00 Euro/dlr 1.14 0.00 0.18 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne.
Bloomberg
3 hours ago
- Business
- Bloomberg
Kenya Inflation Quickens to Three-Month High as Food Prices Jump
Kenya's annual inflation rate climbed to a three-month high in July on tight supplies of vegetables and corn, the nation's staple. Consumer prices rose 4.1% in July compared with 3.8% a month earlier, the Kenya National Bureau of Statistics said Thursday in an emailed statement. That matched the median estimate of five economists in a Bloomberg survey and the monetary policy committee's projected level for July.
Zawya
2 days ago
- Business
- Zawya
Iran's SLAL tenders for 120,000 metric tons corn, traders say
HAMBURG - Iranian state-owned animal feed importer SLAL has issued an international tender to purchase up to 120,000 metric tons of animal feed corn, European traders said on Tuesday. The deadline for submission of price offers in the tender was also Tuesday, July 29, they said. Shipment is sought in the full month of August. The corn can be sourced from Brazil, Europe, Russia, Ukraine or elsewhere in the Black Sea region. Payment problems for Iranian businesses because of Western sanctions had made participation in recent tenders from Iran difficult, traders said. Food is exempt from Western sanctions on Iran over its nuclear programme, but sanctions have hit Iran's financial system, creating complex and erratic payment arrangements. Traders said immediate cash payment was offered in the tender, but the terms of payment would be negotiated during the purchase. Price offers should be made in euros, they said. (Reporting by Michael Hogan, Editing by Louise Heavens)
CBC
3 days ago
- Climate
- CBC
Sweaty corn is turning up the heat in the U.S. Midwest. Could that happen in Quebec too?
It's corn season in Quebec but the tasty treat can play a role in sweaty temperatures. In the U.S., the crop is cranking up the heat due to a natural plant process.
Zawya
3 days ago
- Business
- Zawya
Chicago soybeans drop on abundant global supply, wheat and corn also fall
BEIJING/HAMBURG - Chicago soybean futures fell on Monday, weighed down by abundant global supplies, sluggish demand and benign crop weather across the U.S. Midwest. Corn was pressured by expectations of a large U.S. harvest, with favourable weather expected in the Midwest crop belt. Wheat was weakened as accelerating harvests across the Northern Hemisphere boosted global supply prospects. Chicago Board of Trade most-active soybeans were down 0.6% to $10.14 a bushel at 0935 GMT. Corn fell 0.8% to $3.96 a bushel, wheat dropped 0.9% to $5.33-1/2 a bushel. "Soybeans continue to be under pressure from the large U.S. and global crops coming our way soon. It's hard for that market to get any real lift for the next few months," said Ole Houe of IKON Commodities in Sydney. Weak export demand further weighed on soybeans, with recent weekly U.S. export sales disappointing. On tariffs, the United States and European Union struck a framework trade agreement on Sunday, imposing a 15% import tariff on most EU goods and averting a bigger trade war between the two allies that account for almost a third of global trade. 'Tariff elimination of some agricultural products was mentioned in the U.S./EU deal but the lack of any detail means no judgement can be made on it,' one German trader said. 'But there is overall relief that a damaging U.S./EU trade war has been avoided.' Wheat is suffering from the double burden of low demand and big supplies on the way from harvests in the U.S., EU and Black Sea, the German trader added. 'There are hardly any wheat purchase tenders in the market as the week starts,' he said. 'Russian farmers have been unwilling sellers of new crop. But as the Russian harvest expands farmers may be compelled to sell more for export, they cannot store everything.'
