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Wheat Climbs as World Crop Outlook Shrinks -- Daily Grain Highlights marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
By Kirk Maltais Corn for July delivery rose 4% to $6.57 1/2 a bushel, the highest close since July 2013 on the Chicago Board of Trade Monday, hitting the 25-cent per bushel limit for corn in reaction to continued weather issues hitting crop-growing areas globally. Wheat for July delivery rose 3.8% to $7.39 1/2 a bushel, the highest close since February 2013. Soybeans for July delivery rose 1.5% to $15.39 1/4 a bushel, the highest close since July 2013. HIGHLIGHTS International View: U.S. grains futures pushed higher Monday, with corn hitting limit up midday. The renewed uptick is based in part on what s happening outside of U.S. borders. The ags are again surging higher on rumors that China is buying more corn and that Argentina is considering higher export taxes to raises revenues for its domestic programs, said Arlan Suderman of StoneX. Soil moisture is dry and becoming a worsening issue in Brazil, according to DTN - with growing regions ....
By Kirk Maltais Corn for May delivery rose 2.5% to $6.06 1/2 a bushel, on the Chicago Board of Trade Tuesday, as frigid temperatures stress crops in the Midwest and elsewhere globally. Soybeans for May delivery rose 1.5% to $14.72 a bushel. Wheat for July delivery rose 1.2% to $6.61 1/4 a bushel. HIGHLIGHTS Weather Squeeze: Cold temperatures in the Midwest boost CBOT grain futures - led by corn. Grains have surged to fresh contract highs on Tuesday as freezing temperatures in the Midwest, continued dry weather in the U.S. northern Plains, the Canadian Prairies, parts of Europe & Brazil s Safrinha corn growing region threaten to further tighten 5-year-low global grain stockpiles, said Dave Marshall of Top Ag. Cold temperatures are expected to linger in the Midwest - particularly the Southern Plains over the next two days with more seasonal conditions returning in the next 7-10 days, according to DTN. ....
By Kirk Maltais Wheat for May delivery fell 1.5% to $6.42 1/2 a bushel on the Chicago Board of Trade Thursday after Egypt s grain buying authority paid a lower price for grain exports, indicating lower demand for wheat. Soybeans for May delivery rose 0.3% to $14.13 1/2 a bushel. Corn for May delivery rose 0.8% to $5.38 1/2 a bushel. HIGHLIGHTS Follow the Leader: Wheat futures fell Thursday, after the Egyptian state grains buyer purchased Romanian wheat for a price cheaper than its previous purchase $281.49 per ton vs. $291.70 last month. Egypt launched this tender for 360,000 tons late yesterday, for delivery in mid-April. Better Than Expected: Projections for Brazilian crop production rose from the previous month, according to the latest data from Brazil s crop agency Conab. Brazilian farmers are projected to produce a record 135.1 million metric tons of soybeans this season, up from 133.8 million tons projected in February. Meanw ....
Heritage Senior Living installs new technology in fight against COVID-19 hngnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hngnews.com Daily Mail and Mail on Sunday newspapers.