Wheat News around the Web

Weekend roundup for Wheat


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China raises prices paid to rice and wheat farmers

China said Friday that it would pay farmers more for rice and wheat, in a move aimed at raising output and cooling surging inflation that threatens to fuel unrest ahead of the Olympic Games.

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Wheat, oils & pulses likely to get cheaper in a global village

For India, the crash in global commodity prices comes as an answer to a prayer. Import of wheat, cooking oil and pulses are now likely to be cheaper as speculators and large funds exit positions in New York and Chicago over the last fortnight.

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S.Africa maize, wheat fall on harvest reports

South Africa's benchmark maize and wheat futures prices eased on Friday after reports pointed to plentiful crop supplies locally and internationally.

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Wheat growers concerned about new future and no protection

Farmers have told this week's Senate Inquiry, into changes to the wheat export system, that they won't have enough protection.

Grower groups from New South Wales, Victoria and Queensland have told the inquiry that, in years of a large harvest ,AWB used to buy all the wheat in its national pool.

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US Wheat Review: Closes Lower On Positioning Ahead Of USDA

U.S. wheat futures stumbled Friday as traders evened up positions ahead of the release of key U.S. Department of Agriculture reports, analysts said.

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Arkansas Flooding Drowns Fields, Futures

Empty grain elevators surrounded by a swollen White River await a harvest that may never come as floodwaters drown wheat already planted this spring.

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India sees 15 mln tonnes domestic wheat buys in 2008

India has bought 35,000 tonnes of new season wheat from farmers up to March 24 and is confident of scaling purchases up to at least 15 million tonnes in 2008, a senior government official said on Wednesday.

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