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Sybille de La Hamaide

GRAINS-Soybeans rebound on Chinese buying, wheat up on frost concerns

07 May 2020

* Soybeans up in 2 of 3 sessions as China buys U.S. cargoes * Corn firms as higher oil prices revive hopes for ethanol (Adds details on oil prices, speculators positioning, quote; updates prices) By Naveen Thukral and Sybille de La Hamaide SINGAPORE/PARIS, May 7 Chicago soybean futures rebounded on Thursday as Chinese cargo purchases supported the market, although concerns over worsening relations between Beijing and Washington kept a lid on prices. Wheat rose on frost concerns in the Midwest while corn rose as higher oil prices boosted hopes for ethanol demand. The soybean and corn markets were also underpinned by expectations of higher purchases by the feed industry as U.S. meat demand jumps. "The U.S. reported a big jump in pork sales to China in March – a good reason to think higher domestic use of soybeans can persist," said Tobin Gorey, director of agriculture strategy at Commonwealth Bank of Australia. The most-active soybean contract on the Chicago Board Of Trade was up 0.8% at $8.39 a bushel by 1053 GMT, rising for two of three sessions. It closed down 0.8% on Wednesday. Corn added 1% to $3.17-1/4 and wheat was up 1.4% at $5.24-3/4 a bushel. "The cold will damage some of the recently emerged summer crops in the Midwest and may raise some threat to soft wheat, as well," brokerage Allendale said in a note, referring to potential for frost and freezes in the Midwest this weekend. The U.S. Department of Agriculture announced that Chinese buyers had booked deals for 378,000 tonnes of soybeans from the United States. China said on Wednesday tariffs should not be used as retaliation after U.S. President Donald Trump threatened the country over its handling of the coronavirus. Oil prices jumped on Thursday on news that China's exports unexpectedly rose last month, and on the back of U.S. output cuts and the slow return of some activity in Europe. U.S. Energy Information Administration reported an increase in ethanol production for the first time since March 4, while ethanol stocks trimmed 725,000 BBLS. European Union wheat exporters are set to record their best export season for years with record shipments expected from top exporter France, traders said on Wednesday. For the current July 2019/June 2020 season, the EU Commission this week raised its monthly forecast for exports of soft wheat, or common wheat, from the EU plus Britain to 31.8 million tonnes, a four-year high. Commodity funds were net sellers of CBOT corn, wheat, soybean, soyoil and soymeal futures on Wednesday, traders said. Prices at 1053 GMT Last Change Pct End Ytd Pct Move 2019 Move CBOT wheat 524.75 7.25 1.40 558.75 -6.09 CBOT corn 317.25 3.00 0.95 387.75 -18.18 CBOT soy 839.00 6.50 0.78 955.50 -12.19 Paris wheat December 189.00 1.00 0.53 188.75 0.13 Paris maize Jun 165.00 0.25 0.15 168.50 -2.08 Paris rape Aug 369.50 -1.00 -0.27 411.50 -10.21 WTI crude oil 26.14 2.15 8.96 61.06 -57.19 Euro/dlr 1.08 0.00 -0.09 1.1210 -3.80 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Naveen Thukral; Editing by Aditya Soni; Editing by Alison Williams)

'Whole new business': Farmers innovate to get food from field to plate

07 May 2020

By Gus Trompiz, Sybille de La Hamaide and Christopher Walljasper

CORRECTED-European ethanol makers fear influx from U.S. and Brazil

06 May 2020

* Ethanol consumption slumped globally due to COVID-19 crisis

Belgium blames France after finding tonnes of dead fish in river

01 May 2020

BRUSSELS/PARIS The Belgian region of Wallonia said on Thursday that tonnes of fish were killed in a river by pollution that flowed across the border from France and accused the French authorities of being too slow to issue a warning.

French grain industry in logistics scramble as shoppers bulk buy

21 Mar 2020

PARIS France's grain industry is scrambling to find enough trucks and staff to keep factories and ports running as panic buying of pasta and flour because of the coronavirus pandemic coincides with a surge in wheat exports.

French grain industry in logistics scramble as shoppers bulk buy

20 Mar 2020

PARIS, March 20 France's grain industry is scrambling to find enough trucks and staff to keep factories and ports running as panic buying of pasta and flour because of the coronavirus pandemic coincides with a surge in wheat exports.

French local elections go ahead despite coronavirus restrictions; turnout lower so far

15 Mar 2020

PARIS French voters appeared to be holding back from taking part in local elections on Sunday after the government pressed ahead with the vote despite a raft of new measures to curb public gatherings amid a rapid acceleration of the coronavirus.

Exclusive: French sugar group Tereos asks suppliers for price reductions

12 Mar 2020

PARIS French group Tereos, the world's third-largest sugar maker, has asked regular suppliers for price reductions to help it cope with tumbling sugar prices, letters sent to suppliers showed.

EXCLUSIVE-French sugar group Tereos asks suppliers for price reductions

12 Mar 2020

PARIS, March 12 French group Tereos, the world's third-largest sugar maker, has asked regular suppliers for price reductions to help it cope with tumbling sugar prices, letters sent to suppliers showed.

EXCLUSIVE-French sugar group Tereos asks suppliers for price reduction - letter

11 Mar 2020

PARIS, March 11 French group Tereos, the world's third-largest sugar maker, has asked regular suppliers for a 7% price reduction to help it through difficult conditions created by tumbling sugar prices, a letter seen by Reuters showed.

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