Edition:
United States

Gus Trompiz

GRAINS-Wheat rallies as U.S. rain, Black Sea dry spell fuel crop concerns

Jun 03 2019

* U.S. wheat rebounds after closing lower on Friday * U.S. wheat belts including Kansas set for more rain * Corn, soybeans subdued before weekly planting update (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, June 3 U.S. wheat futures rallied on Monday on concerns about harvest risks as more heavy rain was forecast in some U.S. grain belts and warm, dry weather was expected in top wheat exporter Russia. However, corn and soybeans inched lower as the markets digested a U.S. threat of tariffs against Mexico while awaiting a weekly U.S. crop planting report to see if historic rain delays in seeding crops continued last week. The most-active wheat contract on the Chicago Board Of Trade was up 1.5% at $5.10-1/2 a bushel, as of 1158 GMT. Kansas hard red winter wheat led overnight gains in U.S. futures, with spot prices trading up 2.3% at $4.84. Torrential rain, which has slowed corn planting to its slowest pace on record, is increasingly causing concern about damage to U.S. wheat. Latest forecasts showed more heavy rain in part of the central U.S. Plains in the coming two weeks, including in major growing state Kansas. "Wheat has gained largely on the back of rally in corn prices but we have rains hitting the U.S. crop and now people are talking about dryness in the Black Sea region, which reduced yields in Russia and Ukraine," a Singapore-based grains trader said. After intense heat in southern Russia in the past few days, weather outlooks were for more warmer than average temperatures and limited rain in the week ahead. Wheat, corn and soybean futures dropped on Friday, giving up some of their hefty gains during May, after U.S. President Donald Trump threatened to place tariffs on imports of goods from Mexico in response to illegal immigration. The move raised fears about agricultural trade with Mexico, the largest buyer of U.S. corn, and wider effects on economic growth amid an ongoing trade dispute between Washington and Beijing. CBOT corn was down 0.4% at $4.22-1/4 a bushel, while soybeans inched down 0.1% to $8.77-1/4 a bushel. Grain traders were looking ahead to the U.S. Department of Agriculture's weekly crop progress report, issued after the market close on Monday, to see if soggy field conditions continued to blight corn and soybean planting efforts in the Midwest. "If it turns out that a substantial proportion of the acreage still has not been sown, this could lend further buoyancy to the corn price," Commerzbank said. But upward momentum may be curbed after speculative investors reduced sharply their net short positions in corn during the recent rally, the bank added. Prices at 1158 GMT Last Change Pct End Ytd Pct Move 2018 Move CBOT wheat 510.50 7.50 1.49 503.25 1.44 CBOT corn 425.25 -1.75 -0.41 375.00 13.40 CBOT soy 877.25 -0.50 -0.06 895.00 -1.98 Paris wheat Sep 185.50 0.25 0.13 190.50 -2.62 Paris maize Jun 165.75 0.25 0.15 184.50 -10.16 Paris rape Aug 370.00 -0.25 -0.07 362.25 2.14 WTI crude oil 54.16 0.66 1.23 45.41 19.27 Euro/dlr 1.12 0.00 0.10 1.1469 -2.54 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore, Editing by Sherry Jacob-Phillips and Alexander Smith)

RPT-UPDATE 1-Strategie Grains cuts EU 2019 rapeseed crop forecast by 1 mln T

Jun 03 2019

* French consultancy puts EU crop at 13-year low of 17.8 mln T

Rapeseed gets relief from rain but EU crop still set to shrink

May 24 2019

PARIS Rain brought some relief to European Union rapeseed crops this month, but analysts still expect this year's harvest to be the lowest in more than a decade after drought and insect attacks.

Scientists warn a million species at risk of extinction

May 07 2019

PARIS One million animal and plant species are at imminent risk of extinction due to humankind's relentless pursuit of economic growth, scientists said on Monday in a landmark report on the devastating impact of modern civilization on the natural world. | Video

Scientists warn a million species at risk of extinction

May 06 2019

* Loss of biodiversity stems from human activity, report says

Insects, drought may curb EU rapeseed's recovery from sowing troubles

Apr 05 2019

PARIS A mild end to winter has boosted the growth of rapeseed crops in Europe but also led to insect damage and kept some regions dry, limiting prospects for a recovery from a drought-hit sowing campaign, analysts said.

Insects, drought may curb EU rapeseed's recovery from sowing troubles

Apr 05 2019

PARIS, April 5 A mild end to winter has boosted the growth of rapeseed crops in Europe but also led to insect damage and kept some regions dry, limiting prospects for a recovery from a drought-hit sowing campaign, analysts said.

UPDATE 1-Louis Dreyfus gets soybean boost from trade war

Mar 25 2019

* Annual report cites risk over Russia project loan (Adds detail)

Louis Dreyfus results to gauge turnaround effort, trade-war fallout

Mar 23 2019

PARIS Louis Dreyfus Company will be in the spotlight next week as its annual results indicate whether it has recovered from a bruising period in agricultural commodities and how well the firm has managed the fallout from a U.S.-China trade dispute.

French seed firm Vilmorin maintains some Iran sales, awaits EU scheme

Mar 05 2019

PARIS French seed maker Vilmorin, said on Tuesday it was continuing some exports to Iran with the backing of a French bank, and will participate in efforts to implement a European scheme to avoid U.S. sanctions targeting trade with Tehran.

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