Friday, April 11, 2008

Wheat News Weekend Roundup

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Spring wheat market shows some recovery

Despite a slightly bearish Prospective Plantings Report, the spring wheat market showed signs of recovery in the days following.

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World Wheat Production Boosted This Month, Consumption Trimmed, & Stocks Raised

World wheat production in 2007/08 is projected up 1.7 million tons this month to 606.7 million. The major increase is for Ethiopia, up 1.2 million tons as very good rains boosted yields.

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Adani sees wheat output at over 75mt

A bigger wheat crop is crucial to efforts by Prime Minister Manmohan Singh’s government to cool inflation that’s running at a three-year high before next year’s general elections.

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Scientists pit bacteria against fungi to protect wheat

Beneficial flower-dwelling bacteria could soon join the fight against Fusarium graminearum, the fungus that causes Fusarium head blight disease (scab) in wheat, barley and other cereal crops.

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Philippines Seeks Wheat Supplies After China Rebuff

The Philippines said China turned down a request to supply wheat, adding to concern that the world faces a worsening shortage of staple foods that has already driven grain prices to records.

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US Wheat Outlook: Seen Mixed On Overnight, CBOT Rebound

U.S. wheat futures are poised to start Friday's day session mixed, with Chicago Board of Trade contracts seen rising in a rebound from losses, traders said.

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