Imports and Exports
Canada’s Wheat Board, which once held a monopoly on export sales of wheat, will be bought by Bunge Ltd. and state-owned Saudi Agricultural & Livestock Investment Company (SALIC), which will acquire a 50.1 percent stake in CWB through a joint venture,
India’s wheat crop may be smaller than the record forecast by the government after hailstorm this month damaged planted areas.
Russian domestic wheat prices have fallen, squeezing farmers who are finding it hard to get this year’s inputs. Some are exiting the business. It could mean a smaller crop and fewer exports in 2015/16.
The failed sale shows how unattractive U.S. grain is to buyers with the dollar near the highest level in more than a decade and ample global inventories.
Constanta, whose natural harbor on the Black Sea has welcomed ships since at least the sixth century B.C., is emerging as Europe’s biggest grain transport hub.
Wheat fell to the lowest in almost three weeks in Chicago and corn declined amid speculation that tension between Ukraine and Russia will ease, improving the prospects for the Black Sea region’s grain exports.
Wheat prices were pulled lower with bearish news for corn in recent weeks, but a change is in the works, creating price optimism and profitable marketing opportunities.
Betsy Jibben talks with Ralph Sandeford, the owner of the Midville Gin and Warehouse, Midville, GA.
After spells of record rain delayed planting and harvesting, at least one international customer is now complaining about the poor quality of U.S. corn.
Cedar Rapids, Iowa is more than Iowa’s second largest city. It’s also a processing powerhouse, home to major names like Cargill and ADM.