Chicago | Reuters — Chicago wheat and corn futures dipped on Thursday on technical trading after surging to June highs this week. Wheat had climbed to a 3-1/2-month peak as traders monitored drought in the important Black Sea region and signs of possible Russian export caps. Corn exceeded a three-month peak on Wednesday, underpinned by […] Read more
Harvesting in Saskatchewan is in the home stretch as warm and dry conditions for the week ended Sept. 30 saw a 12-point gain to 91 per cent complete, the provincial agriculture department reported.
Corn production in China is expected to increase to 293 million tonnes in 2024/25, said a report from the United States Department of Agriculture attache in Beijing, with improved yields overriding a slight reduction in harvested area.
Chicago Board of Trade wheat futures rose further on Wednesday, setting a new 3-1/2-month high, as concern grew about drought in Russia while a drone attack on a Ukrainian river port kept attention on war risks.
Corn futures set new 3-month highs on support from wheat, and as oil prices jumped on Tuesday, after the Israeli military said on Tuesday that missiles had been launched from Iran at Israel and NATO's new chief Mark Rutte voiced strong support for Ukraine.
U.S. soybean futures hit their highest in two months on Friday as soymeal futures surged by five per cent on worries about damage to crops and infrastructure in the Gulf Coast region following the landfall of Hurricane Helene as well as short-covering ahead of key crop reports due Monday.