World Grain

Canadian growers reduced their wheat sowings by 7 percent from 2013 and put more land into canola and soybeans, says Stats Canada.

Thanks to forecasts of large harvests, global grain supplies will rise again this year, says the UN Food and Agriculture Organization.

Miller Milling Co, subsidiary of Tokyo-based Nisshin Flour Milling Inc, announced the purchase for $215 mln of four mills from Horizon and ConAgra that will turn Miller into the fourth-largest U.S. miller.

Barclays, one of the five largest banks in comodities, "is reportedly planning to exit large parts of its agricultural trading business," says the Financial Times, with an announcement possible on Tuesday.