Edition:
United Kingdom

Gus Trompiz

UPDATE 2-FranceAgriMer increases wheat export forecast again

13 Nov 2019

* Says some traders see scope for 13 mln T exports in 2019/20

GRAINS-Corn stays weak as USDA crop report looms

08 Nov 2019

* Corn eases for 7th session, holds near 5-week low * Weak export demand, harvest supplies curb corn * Price moves modest as traders awaits USDA crop report * Soybeans little changed after gains on U.S.-China hopes (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Nov 8 Chicago corn futures eased for a seventh straight session on Friday, pressured by harvest supplies and weak export demand ahead of closely watched U.S. government forecasts that will give further clues about crop yields. Soybeans were little changed after rising on Thursday on renewed optimism about an interim U.S.-China trade deal, while wheat ticked lower in step with corn. Price movements were limited before the U.S. Department of Agriculture's (USDA) monthly supply and demand outlook due at 1700 GMT. The report will include fresh estimates of rain-delayed U.S. corn and soybean crops as well as upcoming wheat harvests in drought-affected Australia and Argentina. The most-active corn contract on the Chicago Board Of Trade was down 0.3% at $3.74-1/4 a bushel by 1233 GMT and on course for its biggest loss in two months. CBOT soybeans edged down a quarter of a cent to $9.36-1/4 a bushel while wheat eased 0.4% to $5.10-1/2. "It's status quo on the market before the USDA report," Gautier Le Molgat of consultancy Agritel said. "The U.S. corn harvest is advancing so there is some supply pressure and the latest yield reports are not too bad," he said. "For the wheat market, the big question in the USDA report this evening will be southern hemisphere production, particularly for Argentina." Chicago corn and wheat futures were also curbed by weekly export sales on Thursday that were near the low end of trade expectations. In contrast, weekly soybean export sales of about 1.8 million tonnes were above trade expectations. The weekly soybean exports included 956,300 tonnes for China, and the USDA said private exporters sold another 136,000 tonnes of soybeans to China this week. The export data added to positive sentiment about U.S.-Chinese trade negotiations, fuelled by comments from officials from both sides on Thursday that the countries will roll back tariffs on each others' goods in a "phase one" trade deal if it is completed. Prices at 1233 GMT Last Change Pct End Ytd Pct Move 2018 Move CBOT wheat 510.50 -2.00 -0.39 503.25 1.44 CBOT corn 374.25 -1.00 -0.27 375.00 -0.20 CBOT soy 936.25 -0.25 -0.03 895.00 4.61 Paris wheat Dec 178.00 -0.25 -0.14 191.25 -6.93 Paris maize Jan 163.75 0.00 0.00 175.00 -6.43 Paris rape Feb 388.75 0.75 0.19 366.00 6.22 WTI crude oil 56.31 -0.84 -1.47 45.41 24.00 Euro/dlr 1.10 0.00 -0.20 1.1469 -3.85 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; editing by Uttaresh.V and Giles Elgood)

Constellium plans more aluminium recycling, wary of EU carbon rules

28 Oct 2019

PARIS Aluminium parts maker Constellium is increasing its recycling capability, taking advantage of the metal's reusability to meet calls for lower-carbon output, but investments in Europe will depend on emissions rules not hurting local industry.

UPDATE 2-FranceAgriMer raises wheat export outlook on trader optimism

09 Oct 2019

* Cuts wheat, barley stocks on export rise, maize on harvest cut (Writes through with comments from news conference)

Louis Dreyfus sees tough year as trade war, swine fever hit profits

07 Oct 2019

PARIS Agricultural commodity giant Louis Dreyfus [AKIRAU.UL] warned on Monday that international trade tensions and a swine disease epidemic would continue to weigh on its activities in the rest of the year after pushing down first-half profit.

Cheesed off European dairy producers dismayed at U.S. tariffs

04 Oct 2019

ROME/PARIS European cheese makers complained on Thursday of being held "hostage" in a transatlantic trade battle that had nothing to do with them after the United States slapped 25% tariffs on the sector in retaliation for state aid to aerospace group Airbus. | Video

Cheesed-off European dairy producers dismayed at U.S. tariffs

04 Oct 2019

ROME/PARIS European cheese makers complained on Thursday of being held "hostage" in a transatlantic trade battle that had nothing to do with them after the United States slapped 25% tariffs on the sector in retaliation for state aid to aerospace group Airbus. | Video

Bunge lays off grain traders in Geneva as company seeks to minimize risk: sources

05 Sep 2019

PARIS/LONDON/HAMBURG U.S. agribusiness firm Bunge Ltd laid off up to 10 grain traders in Geneva in recent days as it pursues a global restructuring to cut costs and reduce market exposure, five industry sources said.

Shut out of China, Canada finds canola buyers in drought-damaged Europe

22 Aug 2019

WINNIPEG, Manitoba/PARIS Crop-scorching drought in Europe is providing Canadian canola farmers a timely new opportunity to move supplies that have piled up since China stopped buying this year.

Shut out of China, Canada finds canola buyers in drought-damaged Europe

22 Aug 2019

WINNIPEG, Manitoba/PARIS, Aug 22 Crop-scorching drought in Europe is providing Canadian canola farmers a timely new opportunity to move supplies that have piled up since China stopped buying this year.

World News