wheat futures brokers

wheat futures brokers

August 2nd, 2018

Wheat prices leapt to multiyear highs on Thursday on fears of curtailed exports from the Black Sea after heat and drought damaged crops across Europe.

Milling wheat in Paris settled up 2.7 per cent at €212.75 per tonne, the highest since 2014. In Chicago, soft winter wheat closed 0.4 per cent higher at $5.60½ a bushel after spiking near $6 for the first time since 2015.

Headlines from Ukraine, a leading grain producer, ignited a market already fretful over short supplies this year.

Ukraine planned to sign a memorandum with traders to set limits for grain exports, Bloomberg reported, citing a Agriculture Ministry statement posted on Facebook. The ministry’s press service later said that it was not holding talks about “strict and direct limits for milling wheat exports,” Reuters reported.

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wheat futures brokers

wheat futures brokers

June 6th, 2017

The US is poised for more of the warm and dry weather which has got the country’s spring wheat harvest off to one of its worst starts on record – although fostering a recovery in corn crop condition.

Weather models for this week “show most of the Plains and the Midwest areas to be either dry or completely dry”, said weather service WxRisk.com overnight, with “the only significant rains” seen in southern states such as Alabama and Tennessee.

And for the six-to-10 day outlook, while rains are expected for parts of the central plains, including Oklahoma, into eastern Corn Belt states such as Iowa, “weather models also agree that most of this rain is going to miss… all of South Dakota, North Dakota whey really need the rain”.

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wheat futures news

wheat futures news

July 29th, 2016

Persistent rains are continuing to shrink expectations for Argentine wheat sowings this year – although, as ever, the exact extent of seedings remains a matter for debate.

The International Grains Council cut its forecast for Argentine wheat seedings by 200,000 hectares to 5.0m hectares, citing the heavy rainfall which has, besides hampering plantings directly, also delayed the soybean harvest, and the freeing-up of land to sow with the grain.

“Seeding in Argentina is normally finished by the end of July, but excessive rains continued to hamper progress,” the IGC said.

“Delays are most notable in southern parts of Buenos Aires province, where some producers may switch to shorter-season varieties,” thanks to being forced to sow outside the ideal planting window.

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wheat futures brokers

wheat futures brokers

April 5th, 2016

Moroccan wheat imports are set to soar, as domestic production collapses to its lowest level in 8 years, US government officials said.

The US Department of Agriculture’s bureau in Rabat estimated the 2016-17 Moroccan wheat harvest at just 3.7m tonnes, down 54% from last year’s record harvest, thanks to “dry and hot conditions during crop establishment”.

This represents a sharp reversal of fortunes from the previous season’s record breaking harvest.

“With this year’s drought, wheat imports are expected to start earlier in the year,” the bureau said, as it forecast 2016-17 imports as high as 4m tonnes, which would be the third highest on record.

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