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China set to buy more U.S. corn this year

China set to buy more U.S. corn this year

By Naveen Thukral SINGAPORE, March 14 (Reuters) – Strong domestic prices and low reserves are likely to forceChina to import more U.S. corn this year, squeezing tight world supplies, analysts and industry officials said on Wednesday. China’s corn imports are expected to more than double in the current …

Corn futures retreat from 4-month high as traders lock in gains

Corn futures retreat from 4-month high as traders lock in gains

Forexpros – Corn futures declined for the first time in four days on Wednesday, as a broadly stronger U.S. dollar prompted investors to lock in gains from a rally that took prices to the highest level since September. On the Chicago Mercantile Exchange, corn futures …

Asia Rice-Fresh demand pushes up Thai, Vietnamese prices

Asia Rice-Fresh demand pushes up Thai, Vietnamese prices

* Nigerian demand supports Thai prices * China to buy more from Vietnam * Philippines trying to limit imports; traders sceptical By Apornrath Phoonphongphiphat BANGKOK, March 14 (Reuters) – Thai rice prices rose this week because of demand from Nigerian buyers unhappy over port congestion …

Wheat Imports by Indonesia Seen Climbing as Incomes Rise

Wheat Imports by Indonesia Seen Climbing as Incomes Rise

Wheat and flour imports by Indonesia, Asia’s biggest buyer, may gain at least 6 percent this year as rising incomes boost food demand in the world’s fourth most populous country, an industry executive said. Purchases may reach 6.6 million metric tons in 2012 from 6.2 …

GRAINS-U.S. soybean extends gains; wheat, corn rise

GRAINS-U.S. soybean extends gains; wheat, corn rise

* Soybean again rise on tight South American supplies * China seen buying more soybeans, mainly from U.S. * Wheat edges up on lower Ukraine harvest forecast By Mayank Bhardwaj NEW DELHI, March 14 (Reuters) – U.S. soybean futures for May extended gains on Wednesday …

U.S. Cash Grains-Corn bids rise on rivers, sales light

U.S. Cash Grains-Corn bids rise on rivers, sales light

March 13 (Reuters) – Spot basis bids for corn weakened at grain elevators and processors around the U.S. Midwest on Tuesday as dealers booked light sales from growers. * Cash bids for soybeans were mostly unchanged, dealers said. * Dealers said that farmers were booking …

CBOT late calls-Corn up 2-3 cts, unchanged from early

CBOT late calls-Corn up 2-3 cts, unchanged from early

March 13 (Reuters) – Chicago Board of Trade corn futures were expected to open 2 to 3 cents per bushel higher on Tuesday on tight stocks of corn, firm cash markets and persistent talk China may have bought U.S. corn. * Technical fund buying, gains …

CBOT wheat closes lower on weather forecast

CBOT wheat closes lower on weather forecast

March 13 (Reuters) – U.S. wheat futures fell on Tuesday, with the benchmark Chicago Board of Trade May soft red winter wheat contract setting back from a two-day rally that saw prices rise 2.6 percent, on pressure from improving U.S. crop weather, traders said. * …

European wheat pares gains tracking U.S. market

European wheat pares gains tracking U.S. market

MILAN, March 13 (Reuters) – European wheat prices pared gains in late trade as an overnight rise in U.S. wheat futures ran out of steam, while new crop prices remained supported by concerns about dry weather in some parts of the bloc, traders said. * …

GRAINS-Soy rallies as dry weather threatens S. American crop

GRAINS-Soy rallies as dry weather threatens S. American crop

* Soy rallies on tight old-crop stocks, bean/corn spreads * Profit-taking, early seeding hurt corn after 2-day rally * Wheat drifts lower following early weakness in corn By Karl Plume CHICAGO, March 13 (Reuters) – U.S. soybean futures jumped more than 1 percent on Tuesday …