U.S. winter wheat futures weaken; spring wheat firms

CHICAGO, May 25 (Reuters) - U.S. soybean futures fell on Wednesday, pressured by weather forecasts that will allow farmers to make good progress on the end of their planting tasks as well as concerns about demand from China. Chicago Board of Trade wheat futures also were weaker, with the market...

Bird flu outbreaks are driving up egg and poultry meat prices far faster than usual, with eggs expected to cost 20% more and poultry 9% more this year than their 2021 averages, said the Agriculture Department on Wednesday. USDA economists raised their forecasts of food inflation for the fourth month in a row, to the highest rate since the end of the Carter presidency.

May 25 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service (FAS) post in New Delhi:. "Heat stress resulting from an unprecedented spike in temperatures beginning in the mid-March 2022 has had a marked impact on India's wheat crop. Yields are 10-15 percent down, driving India's forecasted market year (MY) 2022/23 (April-March) wheat production down from 110 million metric tons (MMT) to 99 MMT. On May 13, 2022, the Indian government announced a ban on wheat exports, citing the sudden spike in global wheat prices and the resulting food security risks to India. ... Under the current market supply situation, India's wheat exports in MY 2022/23 would barely touch upon 6 MMT, compared to MY 2021/22's volume of 8.5 MMT and MY 2022/23's initial projection of 10 MMT."

CHICAGO, May 26 (Reuters) - U.S. soybean futures rallied 2.7% to a three-month high on Thursday as the latest weather forecasts for key northern growing areas turned wet again, threatening to add further delays to planting that was already well behind schedule, traders said. Corn futures were weaker on pressure...

CHICAGO, May 25 (Reuters) - Chicago Board of Trade soft red winter wheat futures and K.C. hard red winter wheat futures dropped on Wednesday but MGEX spring wheat closed firm after trading in negative territory for much of the session. * The possibility of increased shipments from the Black Sea region pressured the market but prices for all three classes of wheat closed well above their session lows. * Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, the Interfax news agency cited Russian Deputy Foreign Minister Andrei Rudenko as saying. * The upending of wheat trade flows since Russia's invasion of Ukraine three months ago has buoyed wheat futures -- sending prices soaring near record highs. * The benchmark CBOT July soft red winter wheat contract , which has fallen for five of the past six sessions, settled down 6-1/2 cents at $11.48-1/4 a bushel. * K.C. July hard red winter wheat was off 2-1/4 cents at $12.35-1/2 a bushel and MGEX July spring wheat was 5 cents higher at $12.82-1/4 a bushel. * Analysts were expecting at U.S. Agriculture Department report on Thursday to show that weekly export sales of wheat were in a range between 50,000 and 500,000 tonnes. Wheat export sales totaled 334,090 in the week ended May 12. (Reporting by Mark Weinraub; editing by David Evans)

CHICAGO, May 26 (Reuters) - U.S. soybean futures jumped 3% to a three-month high on Thursday as the latest weather forecasts for key northern growing areas turned wet again, threatening to add further delays to planting that was already well behind schedule, traders said. Corn futures were slightly weaker on...

CHICAGO, May 25 (Reuters) - U.S. soybean futures fell on Wednesday, with forecasts for improved planting weather in northern growing areas pressuring prices. * Soymeal and soyoil also were weaker on prospects for increased competition on the export market, traders said. * The benchmark Chicago Board of Trade July soybean futures contract shed 12 cents to settle at $16.81 a bushel. * Technical support was noted at its 30-day moving average. * CBOT July soymeal was down $2.90 at $424.20 a ton and CBOT July soyoil dropped 1.20 cents to 78.92 cents per lb. * Analysts were expecting a U.S. Agriculture Department report on Thursday morning to show that export sales of soybeans were in a range from 300,000 to 1.4 million tonnes in the week ended May 19. That compares with 902,189 tonnes in the week ended May 12. * China's custom authority is expected to approve imports of soy protein and soymeal from Brazil during talks next month, an official involved in the negotiations told Reuters, requesting anonymity. (Reporting by Mark Weinraub; Editing by Lisa Shumaker)

CHICAGO, May 27 (Reuters) - Chicago Board of Trade corn and soybean futures rose on Friday, supported by forecasts for rain that could slow the tail end of planting in the U.S. Midwest. Wheat futures also were higher, with traders exiting bearish positions ahead of the U.S. Memorial Day holiday...

CHICAGO, May 25 (Reuters) - CME Group cattle futures dipped on Wednesday, pressured by weakness in the cash markets, traders said. Hog futures were mixed, with prices closing well off their session highs after contracts hit technical resistance. The nearby June hogs contract rose 0.025 cent to 109.05 cents per...

MUMBAI, May 27 (Reuters) - U.S. soybean futures were trading near their highest level in three months on Friday following a rally in vegetable oil prices and as the latest weather forecasts for key northern growing areas turned wet again, threatening to delay planting. * Corn futures were steady amid...

CHICAGO, May 27 (Reuters) - U.S. wheat futures rose on Friday on a short-covering bounce as investors unwound bearish bets ahead of a three-day weekend. * Traders said the recent volatility in the market -- stemming from Russia's invasion of Ukraine -- made investors wary of holding onto positions when the market will be closed for a longer-than-usual stretch. * The benchmark Chicago Board of Trade July soft red winter wheat contract settled up 14-1/4 cents at $11.57-1/2 a bushel. * K.C. hard red winter wheat for July delivery was 9 cents higher at $12.37-1/2 a bushel and MGEX July spring wheat futures were 12-1/2 cents higher at $13.04-3/4 a bushel. * For the week, CBOT wheat was down 1.0%, K.C. hard red winter wheat was 1.2% lower and MGEX spring wheat was up 2.0%. * A group of South Korean flour mills bought an estimated 124,700 tonnes of wheat to be sourced from the United States, Canada and Australia in a tender. * Bangladesh is scrapping an international tender to import 50,000 tonnes of wheat as it received only one offer to supply the grain that was too expensive. (Reporting by Mark Weinraub; editing by Jonathan Oatis)

CHICAGO, May 26 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Thursday. WHEAT - Down 16 to 17 cents per bushel * Wheat heads lower for a third straight session on profit-taking after last week's contract highs, and the prospect of Russia allowing Ukrainian exports through its Black Sea blockade. * Russia is ready to set up a humanitarian corridor for vessels carrying food to leave Ukraine in return for the lifting of some sanctions, the Interfax news agency cited Russian Deputy Foreign Minister as saying on Tuesday. * But Russia's U.N. Ambassador said Western officials need to talk to Ukraine about its grains exports. * The U.S. Department of Agriculture reported export sales of U.S. wheat in the week ended May 19 at 243,800 tonnes (old and new crop years combined), in line with trade expectations. * CBOT July soft red winter wheat last traded down 16-3/4 cents at $11.31-1/2 a bushel. K.C. July hard red winter wheat was last down 12-1/4 cents at $12.21 a bushel, and MGEX July spring wheat was last down 1-1/4 cents at $12.79-1/4 a bushel. CORN - Down 8 to 11 cents per bushel * Corn heads lower on spillover pressure from wheat, the possibility of increased Ukrainian grain exports, and profit-taking ahead of a long U.S. holiday weekend. Disappointing weekly export sales may add pressure. * CBOT July corn stayed inside of Wednesday's trading session in early moves. * The USDA reported export sales of U.S. corn in the week ended May 19 at 210,000 tonnes (old and new crop years combined), below a range of trade expectations for 350,000 to 1.3 million tonnes. * CBOT July corn last traded down 10-3/4 cents at $7.61-1/2 per bushel. SOYBEANS - Steady to down 3 cents per bushel * Soybeans seen steady to weaker in range-bound trade, with the CBOT July contract staying inside of Wednesday's trading range in early moves. * The USDA reported export sales of U.S. soybeans in the week ended May 19 at 719,900 tonnes (old and new crop years combined), in line with trade expectations for 300,000 to 1.4 million tonnes. * China will sell 500,000 tonnes of imported soybeans from its state reserves on June 1, the National Grain Trade Center said. Beijing has been releasing the product from its reserves lately to boost supplies. * CBOT July soybeans last traded down 3 cents at $16.78 per bushel. (Reporting by Julie Ingwersen)

PARIS, May 27 (Reuters) - Grain trade association Coceral raised on Friday its forecast of this year's soft wheat production in the European Union and Britain, to 143.0 million tonnes from 141.3 million estimated in March, notably due to beneficial rainfall in Spain. The raised forecast compared with 2021 production...

CHICAGO, May 26 (Reuters) - CME Group hog futures rose to their highest level in more than a month on Thursday, supported by strong exports and concerns about a slowing slaughter, traders said. Cattle futures ended the trading day close to unchanged. The U.S. Agriculture Department on Thursday morning said...

CHICAGO, May 27 (Reuters) - CME Group hog and cattle futures eased on Friday, with rising soy and corn futures raising feed costs for livestock producers. Traders noted consolidation trade ahead of the U.S. Memorial day holiday weekend. U.S. grain and livestock markets will be closed on Monday. The nearby...

CHICAGO, May 26 (Reuters) - U.S. soybean futures surged to a three-month high on Thursday as forecasts for more rain in the northern U.S. Plains raised prospects of further planting delays in Minnesota, North Dakota and South Dakota, traders said. * Strength in crude oil futures -- stemming from signs of tight supply ahead of the U.S. summer driving season -- added support to the soy complex. * The benchmark Chicago Board of Trade July soybean futures contract gained 45-1/2 cents to settle at $17.26-1/2 a bushel. * The contract peaked at $17.37, the highest for the most-active contract on a continuous basis since Feb. 24. * Technical support for the contract was noted at its 30-day moving average for the second day in a row. The contract then broke through resistance at its 10-day moving average. It also topped the high end of its 20-day Bollinger range but failed to hold support above that point. * CBOT July soymeal was up $4.00 at $428.20 a ton and CBOT July soyoil gained 1.6 cents to 80.52 cents per lb. * The U.S. Agriculture Department on Thursday morning said that weekly soybean export sales totaled 719,900 tonnes, down from 902,189 tonnes the prior week but in line with market forecasts for 300,000 to 1.4 million tonnes. * Soymeal export sales of 183,800 tonnes and soyoil export sales of 6,200 tonnes also were both in line with trade estimates. (Reporting by Mark Weinraub; editing by Jonathan Oatis)

The United States will export a record $191 billion worth of agricultural products this fiscal year as the world scrambles to replace the corn, wheat, and vegetable oil it would normally get from Russia and Ukraine, said the Agriculture Department on Thursday. It would be the second year in a row of record-high farm exports.

PARIS, May 27 (Reuters) - Below are latest weekly estimates from farm office FranceAgriMer on the crop conditions of French soft wheat, winter barley, durum wheat and spring barley, plus grain maize crop conditions and sowing progress, covering week 20 ending May 23. Figures are percentages of the crop area. SOFT WHEAT CONDITIONS Very Poor Poor Fair Good Excellent Week 20 average in France 2 8 21 66 3 Week 19 2022 1 7 18 70 3 Week 20 2021 0 3 16 76 4 WINTER BARLEY CONDITIONS Very Poor Poor Fair Good Excellent Week 20 average in France 1 9 23 64 2 Week 19 2022 1 7 20 69 2 Week 20 2021 0 5 19 73 4 SPRING BARLEY CONDITIONS Very Poor Poor Fair Good Excellent Week 20 average in France 1 11 27 60 1 Week 19 2022 1 9 22 68 1 Week 20 2021 0 2 14 81 4 DURUM CONDITIONS Very Poor Poor Fair Good Excellent Week 20 average in France 0 9 23 65 2 Week 19 2022 0 6 21 71 2 Week 20 2021 0 6 26 66 2 GRAIN MAIZE CONDITIONS Very Poor Poor Fair Good Excellent Week 20 average in France 0 1 8 87 4 Week 19 2022 0 1 6 91 2 Week 20 2021 0 0 10 89 1 GRAIN MAIZE SOWING Percent sown Week 20 average in France 99 Week 19 2022 98 Week 20 2021 98 (Reporting by Forrest Crellin Editing by David Goodman )

MUMBAI, May 26 (Reuters) - U.S. corn and wheat futures fell in early trade on Thursday on hopes that stuck grain supplies from the Black Sea region could start moving, while soybean eased on concerns over demand from top consumer China. * The most-active corn contract on the Chicago Board...

CHICAGO, May 27 (Reuters) - The April U.S. soybean crush likely fell to 5.416 million short tons, or 180.5 million bushels, according to the average forecast of nine analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report. The estimate suggests an average daily crush rate...