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Wheat under threat: US drought, Russia and El Nino

The wheat contract for July delivery rose as much as 1.2 percent to $6.825 a bushel on the Chicago Board of Trade, the biggest intraday increase since May 6, and was at $6.81 on Tuesday in Singapore. Prices rose less

Banana production between bananapocalypse and bananageddon

The TR4 strain of Panama disease, a soil-born fungus that attacks plant roots, is deadly for the Cavendish banana that makes up about 95 per cent of supplies to importers, including North America and Europe, Fazil Dusunceli, an agriculture officer

GMO corn in trouble

China turned away at least 1.45 million metric tons of corn since late November, “substantially greater” than the 908,800 reported by the Chinese government, the National Grain & Feed Association, based in Washington, said in a statement last week. The

Cattle futures rise to record high

Live-cattle futures have jumped 10.2% so far this year, a gain that is leading to higher wholesale beef prices and is widely expected to result in record U.S. consumer prices for steaks, ground beef and other products this year. Cattle

Thai rice subsidy scheme backfires

The controversial rice subsidy scheme, which paid farmers up to 50 percent above market rates, helped propel Thailand’s prime minister Yingluck Shinawatra to power in 2011, but now appears to be unraveling as global cereal prices are likely to fall further.

Drought still impacts corn growers

The drought that impacted the United States and the countries around the Black Sea seems to be a thing of the past. The picture is quite different for South America where hot and dry conditions in parts ot the continent make

Commodities 2014 outlook

Contrary to initial apprehensions of a market backlash to anticipated Chinese slowdown, the metals demand growth in the Asian giant has actually surprised to the upside. This has been helped by strong raw material availability. What’s more, absolute demand growth

Wheat prices under heavy pressure

US grain futures declined on Tuesday, with wheat futures for March delivery falling 0.3 percent to $6.1975 a bushel. Earlier, the price touched $6.1875, the lowest for a most-active contract since June 2012, amid forecasts for record-high global output. Wheat

Sugar at 2-month low as global glut continues

After a temporary jump last month due to Copersucar‘s terminal facilities fire, the raw-sugar futures fell 0.6% Friday, their lowest level since Sept. 19, to end at 17.40 cents a pound on the ICE Futures U.S. exchange as dry weather

Ethanol price falling on more corn output

Ethanol dropped to the lowest price in more than three years, expanding its discount to gasoline, on speculation the corn harvest will enable distillers to increase production of the biofuel. Denatured ethanol for November delivery fell 1.2 cents, or 0.7