Latest news with #Expana
Business Recorder
10-08-2025
- Business
- Business Recorder
Euronext wheat rises on short-covering
PARIS/HAMBURG: Euronext wheat rose on Thursday, boosted by short-covering in front-month futures and spillover from an export-fuelled rebound in Chicago. September wheat on Euronext settled 1.9% higher at 197.50 euros ($229.81) a metric ton, after approaching a contract low earlier this week. December wheat ended 1.6% up at 201.50 euros a ton, recovering from a contract low of 197.50 euros on Wednesday. A large short position held by investors has prompted short-covering in September futures in the run-up to the expiry of options next week, according to dealers. Chicago wheat rallied around 2% to rebound from a five-year low, encouraged by higher than expected weekly US export sales that countered supply pressure from Northern Hemisphere harvests. 'US wheat is very competitive during this first phase of the new marketing year and American exports are buoyant,' commodity data firm Expana said in a report. The firm, which has acquired consultancy Strategie Grains, increased its estimate of the European Union's ongoing wheat harvest while raising its outlook for EU wheat exports. However, it lowered its EU maize crop forecast for a second month due to harsh weather in southeast Europe.
Yahoo
08-08-2025
- Business
- Yahoo
Wheat Sticking Near Unchanged on Friday Morning
Wheat is steady to kick off the last trade day of the week, as contracts are mostly within 2 cents of unchanged. The wheat complex saw some double digit gains on Thursday, as a majority of the three exchanges were higher. KC HRW posted a 9 to 10 cent gain across most nearby contracts at the final bell. Preliminary open interest was down 5,377 contracts on Thursday, with September down 13,146 contracts (Goldman roll) and the others showing increased OI. CBT futures were 9 to 10 cents higher in the front months as well. MPLS spring wheat saw more marginal gains, with contracts up 2 to 5 cents. USDA showed a total of 737,831 MT of wheat sold in the week ending on July 31, with a heavy focus on HRW (414,312 MT). That exceeded analysts' estimates and was a MY high. The largest buyer was Nigeria of 185,900 MT, with 165,000 MT sold to Bangladesh and 105,900 MT to Mexico. More News from Barchart Tighter Supplies and Brazilian Real Weakness Boost Coffee Prices Market Bottom Alert: Corn Prices Look Set to Gain After August 12 Signs of Tighter Supplies Lift Coffee Prices Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Expana (previously Strategie Grains) estimates the EU wheat crop at 132.8 MMT, which is up 2.1 MMT from their pervious number. The French Farm Ministry estimates the French wheat crop at 33.1 MMT, 0.5 MMT increase from last month. IKAR estimates the Russian wheat crop at 84.5 MMT, up 0.5 MMT from the pervious projection. Analysts estimate the US wheat production total to be tallied at 1.922 billion bushels in Tuesday's Crop Production report, which would be down 7 mbu from last month. Sep 25 CBOT Wheat closed at $5.18 1/4, up 9 3/4 cents, currently unch Dec 25 CBOT Wheat closed at $5.39, up 9 3/4 cents, currently up 1/4 cent Sep 25 KCBT Wheat closed at $5.21 1/2, up 10 cents, currently down 1 1/4 cents Dec 25 KCBT Wheat closed at $5.41 3/4, up 9 3/4 cents, currently down 3/4 cent Sep 25 MGEX Wheat closed at $5.74, up 5 cents, currently up 1 1/2 cents Dec 25 MGEX Wheat closed at $5.95, up 2 3/4 cents, currently up 1 3/4 cent On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
07-08-2025
- Business
- Yahoo
Wheat Posts Thursday Strength
The wheat complex saw some double digit gains on Thursday, as a majority of the three exchanges were higher. KC HRW posted a 9 to 10 cent gain across most nearby contracts at the final bell. CBT futures were 9 to 10 cents higher in the front months as well. MPLS spring wheat saw more marginal gains, with contracts up 2 to 5 cents. USDA showed a total of 737,831 MT of wheat sold in the week ending on July 31, with a heavy focus on HRW (414,312 MT). That exceeded analysts' estimates and was a MY high. The largest buyer was Nigeria of 185,900 MT, with 165,000 MT sold to Bangladesh and 105,900 MT to Mexico. More News from Barchart Coffee Prices Settle Lower on Tariff Woes Tariff Turmoil Weighs on Coffee Prices The Bullish Cattle Stampede Rumbles On. Here's What to Watch Next After Record Cattle Highs. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Another South Korean importer purchased 65,000 MT of wheat in a tender overnight, with the expected origin to be the US. Expana (previously Strategie Grains) estimates the EU wheat crop at 132.8 MMT, which is up 2.1 MMT from their pervious number. Sep 25 CBOT Wheat closed at $5.18 1/4, up 9 3/4 cents, Dec 25 CBOT Wheat closed at $5.39, up 9 3/4 cents, Sep 25 KCBT Wheat closed at $5.21 1/2, up 10 cents, Dec 25 KCBT Wheat closed at $5.41 3/4, up 9 3/4 cents, Sep 25 MGEX Wheat closed at $5.74, up 5 cents, Dec 25 MGEX Wheat closed at $5.95, up 2 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Orange Juice Hits Four-Month High as Brazil Tariffs Risk Supply
(Bloomberg) -- Orange juice futures rose to a three-month high in New York on mounting worries that President Donald Trump's threat to slap a 50% tariff on Brazilian goods will curb supplies to the US. Why Did Cars Get So Hard to See Out Of? How German Cities Are Rethinking Women's Safety — With Taxis Philadelphia Reaches Pact With Workers to End Garbage Strike Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests The most active contract rose as much as 8.7% to $3.1385 a pound, the highest since March 6. Futures of orange juice have rallied since Trump's announcement last week of the tariff, which risks upending trade in commodities ranging from coffee to beef. The threat of disruption to supplies of orange juice comes at a time when the US has grown increasingly reliant on Brazilian imports amid a decline in production in Florida, according to Craig Elliott, market analyst at Expana. Though the impact of the import tariff 'remains uncertain, the amount of orange juice trade potentially affected is significant,' said Elliott. That 'could potentially further erode Brazil's competitiveness amid an already challenging market environment.' 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions Trump's Cuts Are Making Federal Data Disappear Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot Trade War? No Problem—If You Run a Trade School Will Trade War Make South India the Next Manufacturing Hub? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NDTV
04-07-2025
- Business
- NDTV
Nutella Fans Brace to Pay More As Frost Hits Turkish Hazelnut Harvest
First olive oil, then cocoa and coffee. Now a fresh supply squeeze is set to hit another food pleasure - the hazelnuts that go into making the chocolaty Nutella spread. Wholesale prices in Turkey, which accounts for around 65% of global hazelnut output, have jumped by around 30% since April following the country's worst spring frost in more than a decade. And they are expected to continue rising, according to data from agricultural intelligence firm Expana. "Fluctuations in Turkish supply and pricing ripple through the entire market," the International Nut and Dried Fruit Council, an umbrella body for the industry, said. Some alternative supply is available from smaller producers Italy, the US and Chile, "though not enough to fully offset Turkey's dominance." Some hazelnuts farmers have lost 50%-100% of their crop, according to Turkey's National Hazelnut Council. Turkey accounts for around 65% of global hazelnut output. That could be bad news for the world's biggest buyer, Italy's Ferrero SpA, which takes around a quarter of Turkey's crop to make products like Ferrero Rocher chocolates and Nutella. Hazelnuts constitute 13% of the spread's ingredients, and it produces millions of jars each year. Weather events including the frost "can have an impact" on Turkish production, the confectionery maker said in a statement, but added that that it didn't expect disruption to supplies, citing alternative sources from Italy, Chile, and the US. It's yet another reminder of how vulnerable the world's food supplies - from treats such as Nutella to essentials like wheat - remain to climate change. Prices of coffee and cocoa have soared - buffeted by unpredictable weather. Olive oil supplies have been hit as heat waves across southern Europe have intensified. Brazil, one of the world's top crop exporters, was hit by the worst drought in its history last year. Turkish Hazelnut Price Jumps After Frost Hits Harvest "In recent years, especially due to climate change, temperatures have been high in the winter months and fruit trees have been waking up early," the head of the country's Agricultural Engineers Association was reported as saying. "Therefore, early spring frosts, which we did not talk about much in previous years, have now started to pose a major risk for fruit growing." Some farmers growing hazelnuts at the highest altitudes have lost between 50% to 100% of their crop, according to Cem Senocak, who heads the National Hazelnut Council. Political Cost The damage to the hazelnuts could also pose a political problem for President Recep Tayyip Erdogan. Around 450,000 families depend on the crop for their livelihoods, concentrated in the northern Black Sea provinces that are a key stronghold of support for Erdogan, who hails from the region. The president personally announces the price that the state grain board will pay farmers each year, and disappointing prices have, at times, translated into lost votes at elections. The unseasonable cold snap also risks pushing up Turkey's food prices more broadly, the central bank warned in its latest inflation report, complicating efforts to rein in 35% price growth. Seeking Profits Still, some investors are looking for ways to profit from the shortage. Finnish asset manager Evli said it has added Turkish hazelnut processing company Balsu Gida Sanayi ve Ticaret AS to its Emerging Frontier fund, predicting that wholesale prices for the nut could rise fivefold over the next year based on an analysis of the impact of previous frosts and growing pest infestations. Turkey's main exporter group has already slashed its forecast for this year's harvest - which runs from August to September - by a fifth to 609,000 tons. "There simply is no place to get these missing hazelnuts from at scale until the next year's harvest in Turkey in August 2026," Burton Flynn and Ivan Nechunaev, investment advisers to the fund, wrote in a blog post last month.
