Pacific Trade Deal Spurs Canadian Farm Sales to Japan as U.S. Watches

Reuters – 01/10/2019

CPTPP’s real prize, Canadian exporters say, are reduced Japanese tariffs for beef, pork, wheat and canola oil. Japan is the world’s third-largest beef importer and seventh-largest wheat buyer, often buying top-quality supplies to meet consumer demand for soft, white breads and beef raised on grain not grass.Body Text.

Read More

Russian Wheat Prices Set to Reach New Highs on Prompt Supply Crunch

S&P Global – 01/10/2019

Russian wheat prices are on course to hit new highs amid thin prompt supply, market sources said Thursday. A lack of wheat for spot or January shipments was driving the price increase as demand slowly returns to the market. Wheat at port silos for January-loading windows was “mostly committed”, while spare capacity was low, one source said.

Read More

Traders Watch for Next Spark 

Inside Futures – 01/11/2019

Grain markets continue to want to see confirmation of new demand from world buyers (most of all China). Absent overnight/weekly export sales from the USDA, trade rumors from exporters, or a firm commitment from the Chinese would spark the market. The USDA shutdown continues which means the regularly scheduled January 11 Crop Production, Grain Stocks, Supply & Demand, and Winter Wheat Seedings reports will not be released today.

Read More

Farmers See Lack of Data, Loan Access as Another Layer of Uncertainty

The Progressive Farmer– 01/09/2019

Now, the shutdown is affecting access to trade aid set aside specifically for these export groups. Funding for regular trade programs is tied up with the shutdown as well. “If the shutdown continues for very long, it will start to have an impact on our overseas marketing/promotion activities, and it is already delaying us getting started in earnest with our 2019 programs using FMD/MAP funding,” Sutter told DTN.

Read More

Three Big Things Today: Wheat Higher in Overnight Trading, Top-Level Chinese Official Set to Visit Washington

Successful Farming – 01/11/2019

Wheat futures were higher in early trading on reports that Russia is running out of exportable wheat. Consultancy Ukragroconsult said there are signs that the country is running low on supplies including increased tender prices in recent months.

Read More

Source: U.S. Wheat Associates