NEW DELHI: The unravelling of the Law of One Price in the wheat market is interesting. However, when any significant consumer/producer country imposes market controls export ban, ban on forward trading, imposition of stock limits and the like they can have a universal, unsettling effect. India entered the world wheat market at harvest time in the northern hemisphere when prices usually swoop down but instead, were at 11-year highs in the USA since world supplies fell to their lowest level...

The finding marks a setback to US efforts to find a market for its farmers that grow wheat on 60 million hectares and export almost half of the produce. The report noted that Indian regulations demand that there be less than 100 quarantine weed seeds in a 200-kg sample whereas US is demanding that India allow 12,000 quarantined weed seeds per 200 kg of wheat. NEW DELHI: A crucial report concluding that US wheat is not fit to be imported is being kept under wraps by a government that...

Hot, dry and windy weather forecast for the next three days is expected to kick start some harvesting of barley, wheat and rapeseed in France and Germany. LONDON (Dow Jones)--Paris and London wheat futures traded on Liffe finished mostly steady to narrowly mixed Friday with traders waiting for more definitive crop results as harvest nearby weather improves. Forecasters at T-Storm predict thunderstorms to cross the major European Union wheat areas early next week, but they don't expect...

The first cutting of alfalfa is nearly complete at 96 percent harvested, while the second cutting is now at 26 percent harvested. Major farm activities included harvesting hay, post-emergence spraying and cultivating. Much of the eastern third of the state is below 50 percent of average precipitation over the last 30 days, with a few places below 25 percent of average during that time. Weather allows producers to get into fields. The topsoil moisture rating dropped again this week, down 20...

In southwest Oklahoma, 15 to 20 percent of wheat acres haven t been harvested, and probably won t be now. We ve still got a lot of acres that have-n t been harvested and won t be. Using a figure of 90 million bushels, he figures Oklahoma producers will lose out on close to $400 million this year that s lost because we aren t going to harvest it. They didn t harvest a grain of wheat. Grain elevators haven t been able to make money, he said, because of the poor crops, so the effects multiply...

Our scientific community s considered view was that we should not dilute up to that level, especially when (imported wheat would have contained) a particular type of weed that might affect Indian agriculture, he said. The government could have bought wheat at a cheaper rate from the US but it decided not to dilute the quality norms (as it might have contained weeds) The government had announced plans to import fivemn tonnes of wheat this year to build buffer stocks and the State Trading...

WHEAT: The backlash from aggressive long liquidation selling for the other grain markets combined with the technical overbought condition of wheat could spark increased long liquidation selling in the wheat market for early this week. However, with the current ending stocks forecast at a 12 year low and world ending stocks at a 26 year low, it will be very important to see a good spring wheat crop this season. Brazil producers have already harvested 63% of the crop according to Safras e...

Department of Agriculture will cut its good-to-excellent ratings for spring wheat in its weekly crop progress report, traders said. wheat futures dropped sharply Monday on spillover pressure from limit-down moves in the neighboring corn and soybean markets, traders said. Spillover pressure from the neighboring markets triggered sell stops in wheat, which drove prices deep into negative territory, they said. Further heavy losses for CBOT corn and soybeans could weigh on wheat, although a...

On the other hand, because corn usage will be record large during the next marketing year, a national average yield below 150 bushels will quickly create a tight supply situation. So why are soybean prices in a freefall? Because when futures were above $9, this market was overbought from both a technical and fundamental perspective. Even with national average yield of say 42 bushels, the supply situation for soybeans will change dramatically from this year to the next marketing year. All...