Posts Tagged 'wheat'

Wheat price revival questions hedge fund selling

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Wheat price revival questions hedge fund selling

Hedge funds returned to taking a more negative stance on agricultural commodities, largely through increasing bets on falling values of sugar, which have paid off, and of wheat, in which they have been caught out.

Managed money, a proxy for speculators, decreased its net long position in US traded agricultural commodity futures and options by more than 47,000 contracts in the week to last Tuesday, regulatory data show.

The decrease, the first in six weeks, reflected ...

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wheat prices dip after US foresees huge world crop

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wheat prices dip after US foresees huge world crop
Wheat prices dip after US foresees huge world crop
Wheat prices extended losses after US farm officials lifted the bar on estimates for this year’s world harvest of the grain, and cautioned over heightened competition among exporters to secure orders.

The US Department of Agriculture, in its first forecasts for 2013-14 season, pegged the world wheat harvest at a record 701.10m tonnes, lifted by a ...

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Dryness dents hopes for huge Ukraine wheat harvest

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Mounting concerns over dryness raised doubts over a forecast by US officials that Ukraine’s wheat harvest will rebound by 40% this year, underpinning 69% growth in exports.

The US Department of Agriculture’s Kiev bureau forecast that the Ukraine wheat harvest will hit 22.6m tonnes this year, up from 15.8m tonnes last year, and making it the third highest out of the last 20 years.

“Winter wheat plantings were almost unaffected by winterkill and thus overall wheat ...

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UK may beat Saudi Arabia on wheat imports

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UK may beat Saudi Arabia on wheat imports
Farm officials are poised to revisit UK grains estimates amid ideas that they have underestimated the country’s import needs, which may turn out more than those of Saudi Arabia.

The UK farming and environment ministry, Defra, will on Wednesday unveil fresh forecasts for UK cereals supply and demand in 2012-13, a season marred by a dismal harvest, with wheat yields at ...

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