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Wheat under threat: US drought, Russia and El Nino

The wheat contract for July delivery rose as much as 1.2 percent to $6.825 a bushel on the Chicago Board of Trade, the biggest intraday increase since May 6, and was at $6.81 on Tuesday in Singapore. Prices rose less

Wheat prices under heavy pressure

US grain futures declined on Tuesday, with wheat futures for March delivery falling 0.3 percent to $6.1975 a bushel. Earlier, the price touched $6.1875, the lowest for a most-active contract since June 2012, amid forecasts for record-high global output. Wheat

How will the current US heat wave impact corn and soybean prices?

Temperatures are poised to pass 38°C (100°F) in the coming week in western corn-belt states such as Iowa. The heat revived memories of the devastating drought in the US last year, which slashed grain output and sent prices soaring. A

Wheat faces a bearish summer 2013

Inventories of all wheat varieties as of June 1, 2014, will total 659 million bushels, the U.S. Department of Agriculture said today in a report. That’s more than the 655 million projected by analysts in a Bloomberg survey and less

Winter weather in the US adds worries for cereals

The United States Department of Agriculture’s Crop Progress report, published last week, showed conditions deteriorated in Kansas, Oklahoma and Texas following freezing temperatures in April. Winter extended unusually in the United States, there were more than 30 cm of snow

Corn posts biggest-ever two-day decline on big supply

Chicago corn prices experienced their biggest two-day drop on record, tumbling 12.6 percent, or 93 cents, as larger-than-expected U.S. stockpiles weighed on the market, causing hedge funds to sell heavily. Pressured by corn, Chicago wheat fell to its lowest nearby price in nine

A record wheat production expected in 2013

After falling 5.74% between the 2011/12 and the 2012/13 season to 656 Mt according to the International Grain Council, the world wheat production should bounce back. In 2013/14, the harvested areas should be at their highest level in four years,

Wheat: American soils victims of the consequences of drought

Despite the rain from November to January, the American cultures should still undergo a major water deficit in 2013. The drought of 2012, the worst in the last fifty years, has resulted in the soil drying out which is difficult for

Wheat production 2013-2014

The International Grains Council (IGC) presented at the end of last week its first forecast for wheat production for 2013~2014 as part of his Grain Market Report. It forecasts a global harvest of 682.2 million tons, up 4%, or 26

Wheat: Global production forecast down

In its report published on November 29th, Grain Market Report, the International Grains Council (IGC) forecasted a wheat production of 654 million tonnes for 2012-2013 against 695 million for the previous season. In July, the estimate for wheat production was 665