World Agrinews

Late harvesting is the reason for the extension, said Lance Honig, chief of the crops branch for USDA’s National Agricultural Statistics Service. “Quite frankly, with the harvest running as far behind as it is, we just felt like we wanted to continue that report until we get a lot closer to the actual completion of harvest,” Honig told Dow Jones Newswires.

Egypt’s state-owned wheat buyer, the General Authority for Supply Commodities, or GASC, said Wednesday it bought 300,000 metric tons of Russian and French wheat on a free-on-board basis.

According to the data of the Bank of Russia, during January-September of 2009, the foreign trade turnover of Russia totaled 339.8 bln USD (57.4% to January-September of 2008), including exports – 208.2 bln USD (55.7%), imports – 131.5 bln USD (60.2%).

Wheat fell for a third straight day as demand for U.S. grain slid, eroded by rising global supplies. From June 1 to Nov. 12, overseas buyers committed to purchase 14.3 million metric tons of U.S. wheat, 29 percent less than a year earlier, Department of Agriculture data show. The dollar gained as much as 0.8 percent against a basket of six major currencies, making U.S. exports less appealing.