BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[China Signs a Deal to Buy Soybeans from U.S. Companies]]>http://www.bloggingstocks.com/2011/01/21/china-signs-a-deal-to-buy-soybeans-from-u-s-companies/http://www.bloggingstocks.com/2011/01/21/china-signs-a-deal-to-buy-soybeans-from-u-s-companies/http://www.bloggingstocks.com/2011/01/21/china-signs-a-deal-to-buy-soybeans-from-u-s-companies/#commentsFiled under: , , ,

soybeansChinese Vice Minister of Commerce, Wang Chao, led a business delegation that signed agreements with grain companies to buy just over 3 million tons of soybeans from the U.S., Reuters reported. The U.S. trading companies involved in the $1.8 billion deal are Cargill, Archer Daniels Midland (ADM) and Bunge (BG). No details about price and delivery were given.

When dealing with state-run companies, there is a protocol that must be followed. In this case, a government official, Chao, was present to sign off the deal with the two state-run grain companies allowed to import agricultural products into China.

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China Signs a Deal to Buy Soybeans from U.S. Companies originally appeared on BloggingStocks on Fri, 21 Jan 2011 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>admbgcargillchinafeaturedinthenewssoy beanssoybeansFri, 21 Jan 2011 11:00:00 EST<![CDATA[Pricey Wheaties: Grain prices surging on emerging market demand]]>http://www.bloggingstocks.com/2008/02/14/pricey-wheaties-grain-prices-surging-on-emerging-market-demand/http://www.bloggingstocks.com/2008/02/14/pricey-wheaties-grain-prices-surging-on-emerging-market-demand/http://www.bloggingstocks.com/2008/02/14/pricey-wheaties-grain-prices-surging-on-emerging-market-demand/#commentsFiled under: , , , , , , ,

First oil. Then copper, then lumber, and coal. And now grain.

The solid economic growth in the world's emerging markets that's caused oil / coal and commodities prices to surge is now fully hitting the grain market.

So much so, that some food producers are calling on the U.S. government to restrict exports due to soaring prices for grains they use to make cereal and other foods. Meanwhile, some farmers are asking the U.S. Government to ease restrictions to enable farmers to plant more acres, The Wall Street Journal reported Thursday [Subscription required].

For food producers, the issue involves limiting a major operating cost. During the past year, spring wheat has risen to an astounding $17.63 per bushel, up from about $4.90 a year ago. Flour, which used to cost about $15 per 100 pounds, now sells for about $45-48 per 100 pounds. Food producers say prices are increasing so fast, they can't pass along price increases quick enough to keep up.

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Pricey Wheaties: Grain prices surging on emerging market demand originally appeared on BloggingStocks on Thu, 14 Feb 2008 16:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>AsiabreadbreakfastceralCheeriosChinacoppercornCorn FlakesCPIemerging marketsfeaturedGeneral MillsGISglobal economyglobal growthinflationKKellogglumberoilSara LeeSLEsoy beanswheatWheatiesThu, 14 Feb 2008 16:00:00 EST<![CDATA[Wheat tops $10 per bushel -- could cereal become too expensive?]]>http://www.bloggingstocks.com/2007/12/17/wheat-tops-10-per-bushel-could-cereal-become-too-expensive/http://www.bloggingstocks.com/2007/12/17/wheat-tops-10-per-bushel-could-cereal-become-too-expensive/http://www.bloggingstocks.com/2007/12/17/wheat-tops-10-per-bushel-could-cereal-become-too-expensive/#commentsFiled under: , , , , , , ,

Wheat prices pushed above $10 per bushel Monday, as dry weather threatened crops in Argentina, adding to concerns regarding a potential wheat shortage, Bloomberg News reported Monday.

The bullish move in wheat sent other grains and oilseeds higher. Argentina, now experiencing summer, is a key supply of wheat for bread, pasta and livestock feed.

The price of wheat has more than doubled in the past year, with wheat climbing another 30 cents to $10.03 per bushel Monday morning. Soybeans gained 17 cents to $11.93 per bushel. Corn rose 5 cents to $4.43 per bushel.

Global growth

Economist Steve Affinito told BloggingStocks Monday that wheat's climb is part of a global trend of higher commodity prices, driven by emerging market economic growth.

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Wheat tops $10 per bushel -- could cereal become too expensive? originally appeared on BloggingStocks on Mon, 17 Dec 2007 12:47:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cerealcereral pricesChicago Board of Tradecommoditiesconsumer price indexcornCPIemerging marketsEmergingMarketsfeaturedinflationoatssoy beansU.S. economyU.s.EconomywheatMon, 17 Dec 2007 12:47:00 EST