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United Kingdom

Gus Trompiz

French grain alliance set for battle with Black Sea wheat

22 Jul 2019

PARIS A French export alliance of grain cooperatives to take on the challenge of Black Sea supplies may not be enough to stop the EU's top exporter losing the vital Algerian market to Russian wheat, traders and analysts said.

Europe's heatwave burns on, but eases from record highs

30 Jun 2019

PARIS/MADRID A four-day heatwave across western Europe that killed seven people began to ease slightly on Sunday, as temperature alerts were cut back and wildfires slowly brought under control. | Video

Hotter than Death Valley: Europe burns, sweats in record heat

30 Jun 2019

PARIS/MADRID, June 30 Wildfires burned tracts of land in France and Spain at the weekend as Europe sweltered in record-breaking temperatures that pushed the mercury towards all-time highs on Sunday in Germany, killing at least seven people.

Wildfires and power cuts plague Europeans as heatwave breaks records

29 Jun 2019

PARIS/MADRID Hundreds of firefighters brought wildfires under control in southern France on Saturday as a stifling heatwave brought record-breaking temperatures to parts of Europe, killing at least six people.

Wildfires and power cuts plague Europe as heatwave breaks records

29 Jun 2019

* In Spain, temperatures seen over 43 degrees C for third day

Heatwave seen trimming, not slashing EU grain harvest

28 Jun 2019

PARIS/HAMBURG A record-breaking heatwave in western Europe may trim grain harvest production but the searing heat is not expected to last long enough to cause the kind of severe crop losses seen during a drought last year.

GRAINS-Wheat rallies as U.S. rain, Black Sea dry spell fuel crop concerns

03 Jun 2019

* U.S. wheat rebounds after closing lower on Friday * U.S. wheat belts including Kansas set for more rain * Corn, soybeans subdued before weekly planting update (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, June 3 U.S. wheat futures rallied on Monday on concerns about harvest risks as more heavy rain was forecast in some U.S. grain belts and warm, dry weather was expected in top wheat exporter Russia. However, corn and soybeans inched lower as the markets digested a U.S. threat of tariffs against Mexico while awaiting a weekly U.S. crop planting report to see if historic rain delays in seeding crops continued last week. The most-active wheat contract on the Chicago Board Of Trade was up 1.5% at $5.10-1/2 a bushel, as of 1158 GMT. Kansas hard red winter wheat led overnight gains in U.S. futures, with spot prices trading up 2.3% at $4.84. Torrential rain, which has slowed corn planting to its slowest pace on record, is increasingly causing concern about damage to U.S. wheat. Latest forecasts showed more heavy rain in part of the central U.S. Plains in the coming two weeks, including in major growing state Kansas. "Wheat has gained largely on the back of rally in corn prices but we have rains hitting the U.S. crop and now people are talking about dryness in the Black Sea region, which reduced yields in Russia and Ukraine," a Singapore-based grains trader said. After intense heat in southern Russia in the past few days, weather outlooks were for more warmer than average temperatures and limited rain in the week ahead. Wheat, corn and soybean futures dropped on Friday, giving up some of their hefty gains during May, after U.S. President Donald Trump threatened to place tariffs on imports of goods from Mexico in response to illegal immigration. The move raised fears about agricultural trade with Mexico, the largest buyer of U.S. corn, and wider effects on economic growth amid an ongoing trade dispute between Washington and Beijing. CBOT corn was down 0.4% at $4.22-1/4 a bushel, while soybeans inched down 0.1% to $8.77-1/4 a bushel. Grain traders were looking ahead to the U.S. Department of Agriculture's weekly crop progress report, issued after the market close on Monday, to see if soggy field conditions continued to blight corn and soybean planting efforts in the Midwest. "If it turns out that a substantial proportion of the acreage still has not been sown, this could lend further buoyancy to the corn price," Commerzbank said. But upward momentum may be curbed after speculative investors reduced sharply their net short positions in corn during the recent rally, the bank added. Prices at 1158 GMT Last Change Pct End Ytd Pct Move 2018 Move CBOT wheat 510.50 7.50 1.49 503.25 1.44 CBOT corn 425.25 -1.75 -0.41 375.00 13.40 CBOT soy 877.25 -0.50 -0.06 895.00 -1.98 Paris wheat Sep 185.50 0.25 0.13 190.50 -2.62 Paris maize Jun 165.75 0.25 0.15 184.50 -10.16 Paris rape Aug 370.00 -0.25 -0.07 362.25 2.14 WTI crude oil 54.16 0.66 1.23 45.41 19.27 Euro/dlr 1.12 0.00 0.10 1.1469 -2.54 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 Sherry Jacob-Phillips and Alexander Smith)

RPT-UPDATE 1-Strategie Grains cuts EU 2019 rapeseed crop forecast by 1 mln T

03 Jun 2019

* French consultancy puts EU crop at 13-year low of 17.8 mln T

Rapeseed gets relief from rain but EU crop still set to shrink

24 May 2019

PARIS Rain brought some relief to European Union rapeseed crops this month, but analysts still expect this year's harvest to be the lowest in more than a decade after drought and insect attacks.

Scientists warn a million species at risk of extinction

07 May 2019

PARIS One million animal and plant species are at imminent risk of extinction due to humankind's relentless pursuit of economic growth, scientists said on Monday in a landmark report on the devastating impact of modern civilization on the natural world. | Video

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