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October 19th, 2012
Wheat futures rose amid indications Ukraine will limit exports of the grain, and on concern that dry weather in growing regions in the U.S. and parts of Australia will curb output in the world’s two biggest shippers.
Ukraine’s wheat exports will reach 5 million metric tons by Nov. 15, Volodymyr Klymenko, head of the country’s Grain Association, said today by phone in the capital, Kiev. That may prompt the government to introduce shipment limits, he said, adding that First Deputy Agriculture Minister Ivan Bisyuk met traders today to discuss the issue.
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October 16th, 2012
Wheat futures rose in Chicago, rebounding from a three-month low as dry weather in parts of the U.S. and Australia puts crops at risk in the world’s two biggest exporters of the grain.
Rains missed many parts of the U.S. northern Plains over the weekend, while Western Australia will remain mostly dry in the next six days, Telvent DTN Inc. said yesterday. About 36 percent of U.S. winter wheat had emerged by Oct. 14, below the five-year average of 44 percent, the government said.
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October 9th, 2012
Wheat futures advanced for a second day on speculation that the U.S. may lower its forecasts for global supplies as dry weather damages crops from Russia to Australia.
World wheat supplies before next year’s Northern Hemisphere harvest may be 172.77 million metric tons, down 2.2 percent from last month’s estimate, according to analysts in a Bloomberg survey before the U.S. Department of Agriculture updates its forecast Oct. 11. Russia’s Agriculture Ministry today cut its outlook for the country’s grain exports to 10 million tons, down from a target last month of as much as 14 million tons.
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July 30th, 2012
Wheat futures are trading up Monday morning, lifted by higher corn prices and worries about reduced wheat harvests in key overseas regions.
In electronic trading, Chicago Board of Trade futures for September delivery are up 16 3/4 cents or 1.9% at $9.14 3/4 a bushel. Kansas City Board of Trade September wheat is up 13 3/4 cents or 1.5% at $9.19 3/4 a bushel. MGEX September wheat is up 9 3/4 cents or 1.0% at $9.81 3/4 a bushel.
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July 2nd, 2012
Wheat Futures – U.S. farmers, the biggest wheat shippers, are poised to lose their advantage over French growers in export markets after the worst Midwest drought in more than a decade wilted grain crops and drove prices to a 10-month high.
Wheat traded in Chicago jumped 18 percent in the past two weeks as Paris grain rose 12 percent. French supply for delivery after the harvest traded at a premium of $5.38 a metric ton to the U.S. in Paris yesterday, from a record $25.27 on May 2. That may flip to a $5 discount in the next several weeks, said Alexandre Marie, a Bourges, France-based analyst at Offre & Demande Agricole, which advises 5,000 farmers on crop sales.
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