China continued to apply its minimum grain purchase price system this year, which prevented the prices from falling dramatically. Summer harvest yields bumper crop. Summer harvest yields bumper crop. At the end of October, the country had 1.83 billion mu (122 million hectares) of arable land, 4.6 million mu less than a year earlier, bringing it closer to the critical 1.8 billion mu warning level, according to figures from the Ministry of Land and Resources. Summer crops normally account...

Farmers in Western Kansas are reporting a bin-buster harvest as they expect one of the best crops in years. This comes after a multiyear drought that had hurt the wheat harvest. As prices have remained at some of the highest harvest-time levels, Pat Peterson said no farmers are complaining with the extra loads. Piles are growing across western Kansas as farmers bring in some of the best wheat in a decade. The last time the cooperative had wheat on the ground was in 1999. Total capacity at...

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. Romanian officials indicated that the harvest which is 80% complete has produced only 2...

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...