Trade (Commodities)

06/11/2024 SOURCE: www.foodbusinessnews.net

Wheat’s sharp declines continue

Recap for October 7 Wheat futures were mixed Thursday, with winter wheat mostly lower on concerns US exporters will struggle to compete with overseas suppliers, but a shortage of high-protein hard red spring wheat boosted spring wheat futures. Corn futures hit a one-week low in early trading before bouncing back to end slightly higher on the day as investors squared positions ahead of next week’s updated harvest forecast from the US Department of Agriculture. Signals of good export demand for US soybeans sent soybean and . . .

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02/14/2024 SOURCE: finance.yahoo.com

UPDATE 1-Mexico to import up to 16 mln tons of yellow corn in 2024

Mexico will import between 14 million and 16 million metric tons of yellow corn this year, Agriculture Minister Victor Villalobos said on Wednesday, after production in northern Chihuahua state was "severely" affected by drought last year. Villalobos, speaking in an online press conference, said imports were "in line with yearly averages" but declined to give a figure for Mexican corn production. He said production in the country's south-east would help offset the deficit in Chihuahua; he added that it made no difference whether farmers fed livestock white or yellow corn.

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