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Search resuls for: "Gus Trompiz"


9 mentions found


Surging food import costs threaten world's poorest, FAO warns
  + stars: | 2021-06-10 | by ( Gus Trompiz | ) www.reuters.com + 0.00   time to read: +3 min
The world's food import bill, including shipping costs, is projected to reach $1.715 trillion this year, up 12% from $1.530 trillion in 2020, the FAO said in its twice-yearly Food Outlook report on Thursday. Nations classed as Low-Income Food-Deficit Countries by the FAO are forecast to see food import costs jump 20% this year, with tourism-reliant economies in a particularly precarious position, the agency said. read moreThe FAO's monthly food price index hit a 10-year high in May, reflecting sharp rises for cereals, vegetable oils and sugar. read moreA separate index of food import costs, including freight costs that have also soared, reached a record in March this year, surpassing levels seen during previous food price spikes in 2006-2008 and 2010-2012, the FAO said. A strong volume increase for staple food imports last year had already driven up global import costs by 3%, to a record high.
Persons: Danish Siddiqui, Josef Schmidhuber, Schmidhuber Organizations: REUTERS, Danish, . Food Agency, Food and Agriculture Organization, FAO, Reuters, Food, Nations, International, Thomson Locations: Mumbai, India, Yemen, Nigeria, Argentina, Russia, China
GRAINS-Corn eases after volatile week
  + stars: | 2021-05-28 | by ( Christopher Walljasper | ) www.reuters.com + 0.00   time to read: +2 min
Wheat and soybeans also edged lower, though spring wheat futures on the Minneapolis Grain Exchange (MGEX) climbed as a cold front hitting much of the U.S. Midwest brought frost to the Northern Great Plains. The most-active corn contract on the Chicago Board of Trade (CBOT) ended 7-3/4 cents lower at $6.56-3/4 per bushel easing 2-3/4 cents for the week. CBOT wheat lost 12-3/4 cents to $6.63-1/2 per bushel, dropping 10-3/4 cents for the week, its third consecutive week of losses. CBOT Soybeans eased 6-1/2 cents to $15.30-1/2 per bushel, adding 4-1/4 cents for the week. The most-active July spring wheat contract on the Minneapolis Grain Exchange (MGEX) ended 10-1/4 cents higher to $7.27-1/2 per bushel.
Persons: Joe Vaclavik, , Chuck Shelby, Christopher Walljasper, Gus Trompiz, Naveen Thukral, David Gregorio, Grant McCool Organizations: U.S, Minneapolis Grain Exchange, U.S ., Chicago Board of Trade, U.S . Department of Agriculture, Standard, Risk Management Commodities Locations: CHICAGO, Chicago, Minneapolis, U.S . Midwest, Plains, U.S, China, Paris, Singapore
Soybeans ticked up, steadying after a five-session fall, with support from a rebound in vegetable oil prices. Higher than expected USDA supply projections for 2021/22 earlier this month and steps by China to rein in prices of commodities including corn have also curbed futures after multi-year peaks. CBOT soybeans were up 0.9% at $15.36 a bushel, after touching their lowest since April 30 on Monday. A 3.5% rebound in palm oil futures supported soybeans as tight edible oil supply remained a focus of oilseed markets. CBOT wheat was up 0.5% at $6.65-3/4 a bushel, having hit its weakest since April 20 in the last session.
Persons: Gus Trompiz, Naveen Thukral, Wheat, Ole Houe, Sherry Jacob, Phillips, Emelia Organizations: Chicago Board Of Trade, U.S . Department of Agriculture, Reuters, U.S . Midwest, IKON Commodities Locations: China, Brazil, Naveen Thukral PARIS, SINGAPORE, Chicago, U.S, European, Sydney, Paris, Singapore
GRAINS-Corn steadies after rout as supply risks weighed
  + stars: | 2021-05-14 | by ( Gus Trompiz | Colin Packham | ) www.reuters.com + 0.00   time to read: +3 min
Wheat tracked the rebound in corn while soybeans also bounced after tumbling with cereals on Thursday when futures pulled away from recent multi-year highs. The size of Brazil's next corn harvest will influence short-term availability after Chinese demand eroded global supplies. CBOT wheat rose 2.3% to $7.17-3/4 a bushel after sliding to a three-week low on Thursday. Rains expected in the southern U.S. Plains could boost winter wheat there, although dryness in northern spring wheat zones remained a risk, analysts said. CBOT soybeans were up 1.4% at $16.06 a bushel and remained on course for a seventh straight weekly gain, underpinned by low U.S. inventories and tensions in global vegetable oil markets.
Persons: Gus Trompiz, Colin Packham PARIS, recouping, Wheat, Tobin Gorey, Colin Packham, Anil D'Silva, Elaine Hardcastle Organizations: U.S, U.S . Department of Agriculture's, Chicago Board, Trade, Commonwealth Bank of Australia, Traders Locations: CANBERRA, Chicago, Brazil, U.S, Russia, Paris, Canberra
GRAINS-U.S. soybean futures top $16 for first time in almost nine years
  + stars: | 2021-05-11 | by ( Gus Trompiz | Naveen Thukral | ) www.reuters.com sentiment -1.00   time to read: +2 min
Corn and wheat futures also posted sharp gains after a steep pullback a day earlier, as the market turned its attention to U.S. government forecasts due Wednesday that are expected to show tightening grain stocks. At 10:02 a.m. CDT (1502 GMT), Chicago Board of Trade July soybean futures were up 30-1/2 cents at $16.18 a bushel. CBOT July corn futures were 15-1/2 cents higher at $7.27-1/4 a bushel and CBOT July soft red winter wheat was up 15-3/4 cents at $7.46-1/4 a bushel. Consultancy AgRural on Monday said it had cut its estimate for the country’s second corn crop in the Center South region owing to drought, adding to expectations that Brazilian corn output will be below last year’s. The USDA rated 49% of the U.S. winter wheat crop in good-to-excellent condition, up 1 point from the previous week.
Persons: ” Commerzbank, Gus Trompiz, Naveen Thukral, Mark Weinraub, David Goodman, Bernadette Baum Organizations: Chicago Board of Trade, Chicago Board of, Agricultural Supply, U.S . Department of Agriculture, USDA Locations: PARIS, SINGAPORE, Chicago, U.S, Paris, Singapore
GRAINS-Corn steadies while soybeans near multi-year peak
  + stars: | 2021-05-11 | by ( Gus Trompiz | Naveen Thukral | ) www.reuters.com + 0.00   time to read: +3 min
Wheat also steadied after tumbling with corn on Monday, while soybeans ticked up to draw close to Friday's 8-1/2 year peak as tight U.S. supplies continued to underpin the oilseed market. Consultancy AgRural on Monday said it had cut its estimate for the country's second corn crop in the Center South region owing to drought, adding to expectations that Brazilian corn output will be below last year's. CBOT soybeans were up 0.6% at $15.96-3/4 a bushel after reaching their highest since October 2012 at $15.99-1/2 on Friday. CBOT wheat was up 1% at $7.38 a bushel. The USDA rated 49% of the U.S. winter wheat crop in good-to-excellent condition, up 1 point from the previous week.
Persons: Gus Trompiz, Naveen Thukral, Wheat, Commerzbank, Subhranshu Sahu, David Goodman Organizations: Chicago Board of Trade, U.S ., Agricultural Supply, U.S . Department of Agriculture, USDA Locations: Naveen Thukral PARIS, SINGAPORE, Chicago, Brazil, U.S, U.S . Midwest, Paris, Singapore
Exclusive: Eramet to sell aero supplier Brown Europe to French fund - sources
  + stars: | 2021-05-04 | by ( Gus Trompiz | ) www.reuters.com sentiment -0.98   time to read: +2 min
PARIS (Reuters) - France’s Eramet is close to a deal to sell Brown Europe, an alloys supplier to the aeronautics industry, to French investment fund Ace as it focuses on upstream mining activities, two people familiar with the matter said. Based in southwest France, Brown Europe is a relatively small business, with annual sales of about 20 million euros ($24 million), but industry experts say the high-tech firm occupies a strategic position in France’s complex aerospace supply chain. The sale of Brown Europe to Ace Capital Partners, formerly Ace Management, is expected to close next month, one of the people said. It is being carried out separately from talks to sell a larger Eramet alloys subsidiary, Aubert & Duval, to a consortium also including Ace, partnered with aerospace giants Airbus and Safran. Brown Europe specialises in wire-drawing, or reducing the cross-section of high-performance alloys used in aerospace.
Persons: France’s, Duval, Safran, Christel Bories, Eramet, Duval’s Organizations: PARIS, Brown, Ace Capital Partners, Ace Management, Airbus, Erasteel, France’s Rafale, Boeing, Electric, Tikehau Locations: Brown Europe, France, Europe
GRAINS-Prices ease after surge to multi-year highs
  + stars: | 2021-04-23 | by ( Gus Trompiz | Naveen Thukral | ) www.reuters.com + 0.00   time to read: +3 min
The most-active corn contract on the Chicago Board of Trade (CBOT) was down 1.0% at $6.25 a bushel by 1131 GMT. CBOT soybeans ticked down 0.2% to $15.10-3/4 after climbing on Thursday to $15.24, its highest since May 2014. Wheat also eased back after a near seven-year peak a day earlier, trading down 1.2% at $7.02 a bushel. Analysts say fund flows and short-covering in the run-up to the expiry of May futures amplified gains this week. Front-month CBOT soybean oil extended gains on Friday to 63.5 cents per lb, another highest in almost 13 years.
Persons: Gus Trompiz, Naveen Thukral, Wheat, Agritel, Tobin Gorey, Subhranshu Sahu, Edmund Blair Organizations: Chicago Board of Trade, Commonwealth Bank of Australia Locations: China, Naveen Thukral PARIS, SINGAPORE, Chicago, North, South America, U.S, Brazil, Argentina, Cordoba province, Paris, Singapore
Soybeans breached the $15 a bushel threshold to set another near seven-year high, as concern over U.S. planting added to tensions across oilseed markets. Wheat also extended gains to approach a near seven-year peak, supported by unfavourable weather in North America and the prospect of high corn prices boosting demand for wheat in livestock feed. China, which has been grappling with high prices and falling inventories of corn, issued guidelines on Wednesday recommending a cut to corn and soymeal in pig and poultry feed. The most active CBOT wheat futures added 1.2% to $6.82-3/4 a bushel. CBOT soybeans were up 1.2% at $14.96-3/4 a bushel, after earlier reaching another highest since June 2014 at $15.04-1/2.
Persons: Gus Trompiz, Naveen Thukral, Commerzbank Organizations: Chicago Board of Trade, U.S . Department of Locations: Brazil, China, Naveen Thukral PARIS, SINGAPORE, Chicago, United States, North America, Beijing, Paris
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