Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures charged to a three-year high on Thursday, fueled by fears that continued dry conditions in the northern U.S. Plains would cut supply of high-protein milling wheat. The surge in spring wheat futures on the Minneapolis Grain Exchange (MGEX) also lifted Chicago Board of Trade wheat to a […] Read more
U.S. grains: Spring wheat sets three-year top on weather woes
U.S. Plains drought highlights spring wheat supply crunch
Reading Time: 2 minutes Chicago | Reuters — Drought conditions in the northern U.S. Plains that have propelled spring wheat prices to a three-year high worsened in the past week and there are forecasts for more hot and dry weather that could crimp the harvest. As the world struggles with a glut of grain that has filled inventories to […] Read more
U.S. grains: Spring wheat futures top US$7 on weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures surged 3.4 percent on Wednesday, topping US$7 a bushel for the first time in nearly three years on worries that stressful weather will curb production of the high-quality milling wheat, analysts said. The jump in Minneapolis Grain Exchange (MGEX) spring wheat lifted Chicago Board of Trade wheat […] Read more
U.S. grains: Spring wheat near three-year high on dry weather
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures hit their highest level in nearly three years on Tuesday on forecasts for stressful weather in the northern Plains, analysts said. Corn and soybean futures also climbed after a U.S. Department of Agriculture (USDA) report said the condition of all three U.S. crops was worse than analysts […] Read more
U.S. grains: CBOT wheat falls on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat prices fell about two per cent on Monday, extending their slide to four sessions on profit-taking after a run-up to one-year highs last week, analysts said. Corn and soybeans rose in a light recovery bounce from multimonth lows set last week, and Minneapolis Grain Exchange spring […] Read more
U.S. grains: Spring wheat at 2-1/2-year high, corn at six-month low
Reading Time: 2 minutes Chicago | Reuters –– MGEX spring wheat futures jumped to a 2-1/2-year high on Friday and Chicago Board of Trade corn futures dipped to a six-month low in technically driven trade amid an outlook for generally favourable U.S. crop weather, traders said. Soybean futures touched the lowest levels in more than a year before paring […] Read more
U.S. grains: Wheat climbs as traders fret over U.S., French crops
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures set fresh 2-1/2-year highs on Tuesday as a further decline in spring wheat condition ratings surprised traders and coincided with concern about damage to French wheat from a heat wave. But corn and soybean futures fell on improving U.S. crop weather, coupled with broad weakness in other […] Read more
U.S. grains: MGEX spring wheat eases on rains
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures were mostly lower on Wednesday, with MGEX spring wheat declining from an earlier 2-1/2-year high on pressure from technical selling and forecasts for crop-friendly rainfall, traders and analysts said. Chicago Board of Trade corn futures declined the most as scattered rains fell in the Midwestern crop […] Read more
U.S. grains: MGEX wheat rallies as conditions worsen in Plains
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures jumped 4.6 per cent to their highest in 2-1/2 years on Tuesday, pulling soft red winter wheat and hard red winter contracts higher on growing worries about crop health in the dry U.S. Plains, traders said. The rally stemmed from a U.S. Agriculture Department report released on […] Read more
Spring wheat futures climb to two-year highs
Reading Time: < 1 minute CNS Canada — Spring wheat futures in Minneapolis climbed to their highest levels in nearly two years during the week ended Friday, as weather concerns in major U.S. wheat-growing states provided support. The nearby July contract on Thursday hit a session high of US$6.1775 per bushel, the strongest level for the front-month spring wheat contract […] Read more
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