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Spot basis bids for hard red winter (HRW) wheat were steady on Friday following the July Fourth U.S. holiday. * Protein premiums for HRW wheat shipped by rail to or through Kansas City were unchanged for every type of wheat. * Wheat futures rallied on higher export demand in the U.S. and yields at an eight-year low in France after torrential rains. * USDA reported net U.S. wheat export sales in the week ended June 27 totaled 805,300 metric tons for 2024/25, above trade estimates for 350,000 to 700,000 tons. ...

Spot basis bids for corn and soy were mostly steady to higher as futures for both grains rallied on Friday. The corn basis increased by 5 and 8 cents per bushel at elevators in Chicago, Illinois and Council Bluffs, Iowa, respectively. It increased by 2 cents at a river terminal in Morris, Illinois. The soy basis increased by 2 cents at a river terminal in Davenport, Iowa and by 1 cent at another in Morris. CBOT September corn CU24 closed up 5 cents at $4.10-1/2 per bushel. CBOT August soybeans ...

Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals held steady on Friday in quiet trade following Thursday’s July Fourth holiday, traders said. Market players continued to monitor high water and flooding on the upper Mississippi River that has interfered with barge loading at riverside grain elevators. Eight locks and dams on the Mississippi River between Dubuque, Iowa, and Canton, Missouri were closed due to flooding, according to a U.S. Army Corps of Engineers website. However, weak exporter demand for grain at the Gulf muted ...

Chicago Board of Trade most active corn futures Cv1 ticked up on Friday due to concerns about overly hot weather in the U.S. Midwest, while trade slowed between the July 4 market closure and ahead of the weekend. Dry, hot weather forecasted for the U.S. Midwest could threaten the crop during its crucial pollination period. The USDA reported export sales of U.S. old-crop corn in the week ended June 27 at 357,200 metric tons, below a range of trade expectations for 500,000 to 900,000 tons. New-crop corn sales totaled 311,500 ...

Chicago Board of Trade wheat futures spiked on Friday amid an uptick in demand for U.S. wheat due to a weaker dollar and the availability of desirable new-crop wheat, traders said. Corn and soy futures also rose on concerns over dry, hot weather disrupting the U.S. crop during its crucial growing period. Trade remained light between the market’s closure on Thursday due to the U.S. Independence Day holiday and ahead of the weekend, traders said. “We have a low volume, technical trade,” Brian Hoops, president of Midwest Market Solutions, said. ...

Chicago Board of Trade soybean futures strengthened on Friday as concerns rose over forecasts of hot weather across the U.S. Midwest and technical trading during a low-volume day, traders said. Forecasts for hot, dry weather in July are bolstering concerns over the soy crop during a crucial phase of pollination, traders said. USDA reported weekly old-crop U.S. soy export sales of 228,400 metric tons, within analyst estimates for 200,000 to 600,000 tons. Traders covered short positions between the market closure for the U.S. Independence Day holiday and ahead of the ...

Snapshot of the global export markets for grains, oilseeds and edible oils as reported by government and private sources as of the end of business on Friday: SOFT AND DURUM WHEAT PURCHASES: Tunisia’s state grains agency is believed to have purchased about 100,000 metric tons of soft wheat and about 50,000 tons of durum in an international tender for the same volume on Thursday, European traders said. WHEAT PURCHASE: Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) bought a total of 129,660 metric tons of food-quality wheat from the United ...

The U.S. dollar index stayed slightly lower on Friday after data showed U.S. job growth slowed marginally in June while the unemployment rate rose, underscoring the view the Federal Reserve could begin cutting interest rates in September. Nonfarm U.S. payrolls increased by 206,000 jobs last month, the Labor Department report showed. Data for May was revised sharply down to show 218,000 jobs added instead of the previously reported 272,000. The unemployment rate rose to 4.1%, slightly higher than the estimated 4.0%. Investors have been watching the labor market and inflation ...

What the world can learn from the UK’s election Cats may have nine lives; rarely do they live through six consecutive Prime Ministers like Larry the Cat, who’s been resident in Downing Street since being adopted by David Cameron in 2011. Now he’s got to cuddle up to Sir Keir Starmer. And if you thought nothing would surprise you about the UK’s general election, think again. Sure, there was nothing unpredictable about Labour’s victory, nor the fact that it came with a massive majority to boot. Read our full reaction ...

Industrial production in France and Germany fell more than expected in May, data published by domestic statistics offices showed on Friday, due to the impact of public holidays and a weak economic environment. France’s Insee reported a 2.1% drop in industrial production in May, compared with April figures, while economists polled by Reuters on average expected a decrease of 0.5%. Germany also recorded a steeper-than-expected 2.5% decline in industrial output for May compared to the previous month. Analysts had forecast a 0.2% rise. The timing of public holidays “may have ...

France’s political parties have scrambled to form political alliances after President Emmanuel Macron’s surprise move to call a parliamentary election, reshaping the political landscape into three large blocs. From the far-right National Rally to the leftwing New Popular Front and Macron’s centrist alliance called ‘Together’, here is an overview of the campaign pledges made ahead of Sunday’s second voting round: FAR-RIGHT NATIONAL RALLY Marine Le Pen’s eurosceptic National Rally party is seen wining the largest number of seats in the National Assembly, the lower house of parliament, but may fall ...

The EU naval mission protecting ships crossing the Red Sea said its frigate Psara had destroyed two unmanned aerial vehicles in the Gulf of Aden on Sunday. The Aspides mission began in February in response to drone and missile attacks on vessels by Iranian-aligned Houthi militants. The Houthis describe the attacks as acts of solidarity with Palestinians in Israel’s war in Gaza. Other countries, including the United States, also have naval forces operating in the area. Source: Reuters (Reporting by Renee Maltezou and Lefteris Papadimas; Editing by Angus MacSwan)

Ports along the Texas coast started to close or restrict vessel traffic on Sunday to prepare for Tropical Storm Beryl, which was expected to strengthen back to a Category 1 hurricane before hitting the area late in the evening. The storm , which at one point intensified to a Category 5 hurricane, left a deadly trail of destruction across the Caribbean. It swept through Jamaica, Grenada, St. Vincent and the Grenadines, in addition to unleashing heavy rainfall on northern Venezuela. The port of Corpus Christi said it was closed after ...

European milling wheat futures rose on Friday, scoring a second consecutive weekly rise, buoyed by strong demand and concerns about global supplies, notably in the western part of the European Union. Benchmark September on the Paris-based milling wheat futures:, closed 1.3% higher at 228.50 euros a tonne. It gained 1.7% this week after rising 0.1% the previous week. Prices had previously decreased sharply as deep concerns somewhat waned about dry weather in Russia, the world’s largest wheat exporter. Activity has been low in the past days with U.S. markets closed ...

China’s foreign exchange reserves fell in June, official data showed on Sunday, as the dollar rose against other major currencies. The country’s foreign exchange reserves, the world’s largest, fell by $9.681 billion to $3.222 trillion last month, below the $3.226 trillion total tipped by a Reuters poll of analysts and down from $3.232 trillion in May. The yuan fell 0.3% against the dollar in June, while the dollar last month rose 1.1% against a basket of other major currencies. China held 72.80 million fine troy ounces of gold at the ...