DIRS.INFO The most relevant business & tech news

Overall, China's 2023 imports are likely to reach around 12 million tons, two Singapore-based traders said, topping 2022's record 9.96 million tons, and the avid buying is expected to continue into 2024. read moreBeijing has not provided a crop quality assessment. MORE TO COMEChina's January-September wheat imports jumped 53.6% to 10.17 million metric tons, customs data showed, including 6.4 million tons from Australia and 1.8 million tons from Canada. Chinese wheat purchases have stabilised global wheat prices, one of the Singapore traders said. Given lower output in Australia, traders and analysts said China is likely to import significantly higher volumes of French wheat in the coming months.

Persons: China's, Muyuan, Stefan Meyer, Ma Wenfeng, Price, Rosa Wang, Jeffrey McPike, Naveen Thukral, Dominique Patton, Peter Hobson, Gus Trompiz, Julie Ingwersen, Tony Munroe, Simon Cameron, Moore Organizations: Traders, Russia, Reuters, El, Beijing Orient, Shanghai JC Intelligence Co, U.S, WASDEA Commodities, Thomson Locations: China, SINGAPORE, BEIJING, Chicago, Singapore, Australia, Beijing, Sydney, StoneX, Canada, Indonesia, Japan, North America, U.S, Canberra, Paris

Retail pasta prices rose about 12% this year in Europe and 8% in the United States, according to market research firm Nielsen. CANADA DRYWhen the Prairies turned dry this summer, Canadian farmer Darold Niwa saw hopes of a bumper durum harvest dashed. Durum, the hardest wheat, produces pasta with the prized "al dente" firm texture, unlike soft wheat. In the meantime, Vincenzo Martinelli, president of the durum section of Italian millers association Italmopa, nervously awaits the outcome of the Canadian harvest. "Without Canada, prices will only go up," he said.

Persons: De, Continental Noodles, Vincent Liberatore, Liberatore, Darold Niwa, Jerry Klassen, Philip Werle, There's, Severine, Maisons, Vincenzo Martinelli, Gus Trompiz, Rod Nickel, Emilio Parodi, Ceyda, Julie Ingwersen, Michael Hogan, Caroline Stauffer, David Gregorio Our Organizations: Foods, Nielsen, Grains, CANADA, Prairies, Statistics, Traders, Northstar, European Union, Thomson Locations: Fara San Martino, Italy, PARIS, WINNIPEG , Manitoba, Canada, Turkey, Toronto, Continental, Spain, India, Europe, United States, Oyen , Alberta, durum, Statistics Canada, France, Algeria, TURKEY, Turkish, American, Russia, North Africa, Milan, Ceyda Caglayan, Istanbul, Chicago, Hamburg

☆ Kansas farmers abandon wheat fields after extreme drought
▼ + stars: | 2023-05-22 | by ( Tom Polansek | ) www.reuters.com time to read: +4 min

[1/4] Romulo Lollato, a wheat agronomist for Kansas State University, examines wheat in a field, as part of an annual crop tour, near Clay Center, Kansas, U.S., May 16, 2023. REUTERS/Tom PolansekWICHITA, Kansas, May 22 (Reuters) - Farmers in Kansas, the biggest U.S. producer of wheat used to make bread, are abandoning their crops after a severe drought and damaging cold ravaged farms. Kansas farmers are expected to abandon about 19% of the acres planted last autumn, up from 10% last year and 4% in 2021, according to the report. Soaring prices for hay also pressure wheat farmers not to harvest their fields for grain so they can be fed to cattle, Gilpin said. Kansas farmers are expected to produce just 191.4 million bushels of wheat this year, the smallest since 1963, according to the latest monthly government forecast.

☆ Explainer: Biotech corn and soy widely used, consumers still wary of GM wheat
▼ + stars: | 2023-03-03 | by ( Julie Ingwersen | ) www.reuters.com time to read: +4 min

But genetically modified wheat has never been grown for commercial purposes due to consumer fears that allergens or toxicities could emerge in a staple used worldwide for bread, pasta and pastries. Australia grows and exports GM cotton and canola, and the country in May approved Bioceres’ biotech wheat for use in foods. Mexico, among the largest buyers of U.S. corn, has said it will halt GM corn imports for human consumption, but walked back a deadline to ban the corn for animal feed. Recent disruptions to global wheat supplies have brought a new degree of urgency to the debate over biotech wheat. Wheat Associates and the National Association of Wheat Growers, support “the eventual commercialization” of biotech wheat, according to their websites, provided that plans are implemented to minimize market disruptions.

The country buys about 17 million tonnes of mostly GM yellow corn from the United States each year, mostly for animal feed. Mexico will still prohibit use of GM corn for human consumption, such as flour, dough, or tortilla made from the grain. About 20% of Mexican corn imports from the United States is white corn for food products. It will still move forward with its plan to ban imports of the herbicide glyphosate, with a transition period in effect until March 31, 2024. The United States had given the Mexican government until Tuesday to explain the science behind its proposed bans.

☆ Drought threatens U.S. wheat production despite acreage bump
▼ + stars: | 2023-02-02 | by ( Julie Ingwersen | ) www.reuters.com time to read: +5 min

[1/2] Mark Nelson, a scout on the Wheat Quality Council's Kansas wheat tour, checks a winter wheat field north of Minneapolis, Kansas, U.S., May 17, 2022. 3 winter wheat producer last year. Winter wheat typically represents about two-thirds of U.S. production, with the remainder planted in the spring, and the U.S. has lost market share to other wheat exporters, including Russia, in recent years. U.S. soft red wheat acres rose by 20% year-on-year and planting jumped by 45% in Illinois, the No. 8 U.S. winter wheat state by acreage.

Though a tiny fraction of the nation's plantings, the previously unreported total represents the company's biggest ever release of hybrid wheat. NEARLY 100 YEARSFarmers have used hybrid seeds since the 1930s to grow corn, followed by other crops ranging from peanuts to tomatoes. Producing hybrid wheat seeds is still more complicated and expensive than conventional wheat. Hybrid wheat can produce more uniform results across fields than conventional wheat, and may deliver better yields on poor soil, Hankey said. Syngenta projected in 2015 that its annual sales of hybrid wheat seeds could potentially reach $3 billion by 2032.

☆ Wheat up 6% after Russia quits Black Sea pact; corn, soy firm
▼ + stars: | 2022-10-31 | by ( Julie Ingwersen | ) www.reuters.com time to read: +2 min

CHICAGO, Oct 31 (Reuters) - U.S. wheat futures jumped 6%, hitting a two-week high, and corn rose 1.6% on Monday as Russia's withdrawal from a Black Sea export agreement raised concerns over global supplies. Chicago Board of Trade December wheat settled up 53 cents at $8.82-1/4 per bushel after reaching $8.93-1/4, the contract's highest since Oct. 14. CBOT December corn ended up 10-3/4 cents at $6.91-1/2 a bushel and January soybeans finished up 19-1/4 cents at $14.19-1/2 a bushel. Reuters GraphicsReuters Graphics"The grain and oilseed markets rose sharply overnight, led by wheat, as food shortage fears rise again after Russia pulls out of the Black Sea trade agreement," StoneX chief commodities economist Arlan Suderman said in a client note. Moscow suspended its participation in the Black Sea deal on Saturday in response to what it called a major Ukrainian drone attack on its fleet in Russia-annexed Crimea.

☆ U.S. winter wheat farmers plant into dust as Plains drought persists
▼ + stars: | 2022-10-17 | by ( Julie Ingwersen | ) www.reuters.com time to read: +4 min

CHICAGO, Oct 17 (Reuters) - With planting roughly halfway complete, the 2023 U.S. hard red winter wheat crop is already being hobbled by drought in the heart of the southern Plains, wheat experts said. The drought threatens Kansas, the top winter wheat growing state, and Oklahoma in two ways: discouraging farmers who have not yet planted from trying, while threatening crops already in the ground from developing properly. About two-thirds of wheat in the United States, among the top five global exporters, is grown as a winter crop rather than spring. As a result, Justin Gilpin, chief executive of the Kansas Wheat Commission, expected the number of Kansas wheat acres planted for harvest in 2023 to remain steady with the 7.3 million acres seeded for 2022. A key driver of the drought is the La Nina weather phenomenon, which tends to favor warm and dry conditions in the Plains.

Search resuls for: "Julie Ingwersen"

9 mentions found