April 12 at 3:16 p.m.
Filed under:
Stock activity
By Reuters
Central Illinois farmer Gary Niemeyer, not pictured, unloads harvested corn grain near Auburn, Ill., in this photo from 2008. (AP File Photo/Seth Perlman)
For the first time in 15 years, wheat prices fell below those for corn on Tuesday, opening the door wider for wheat, which is used to make cakes and bread, to become fodder for livestock and poultry.
Soft red winter wheat futures briefly traded below prices for corn at the Chicago Board of Trade, the pinnacle of corn’s climb to record highs this week amid dwindling U.S. supplies. Get the full story »
Dec. 27, 2010 at 1:58 p.m.
Filed under:
Agriculture/Farming,
Exchanges,
Stock activity
By Reuters
The Rogers International Commodity Index will cut its Chicago Board of Trade wheat holdings while boosting its investment in rice in January.
Rogers will reduce the weight of CBOT wheat in its index to 4.75 percent from 6 percent, it said in a statement released on Monday morning. Its rice weighting will rise to 0.75 percent from 0.50 percent. Get the full story »
Dec. 10, 2010 at 5:04 p.m.
Filed under:
Agriculture/Farming,
Technology
By Reuters
Large speculators cut back on their bearish exposure to U.S. grain futures as an unexpected holiday season rally forced traders to cover short positions. Get the full story »
Oct. 15, 2010 at 5:51 a.m.
Filed under:
Exchanges,
Food,
International
By Dow Jones Newswires
Russia is exploring the creation of a regional wheat futures market and this month held talks with senior executives at CME Group Inc., according to a senior official at the Chicago-based exchange operator.
The planned venture would add another global platform for trading alongside Chicago and Paris, serving the fast-growing “bread basket” of Russia, Ukraine and Kazakhstan, which has become an increasingly important source of European food imports. Get the full story »
Aug. 12, 2010 at 3:32 p.m.
Filed under:
Agriculture/Farming,
Food
By Associated Press
Wheat prices surged Thursday after the U.S. government lowered its expectations for global wheat production as a devastating drought continues to erode Russia’s crop and that nation’s export ban remains in effect.
The Agriculture Department’s revised global forecast calls for 2010-2011 production of 645.7 million metric tons of wheat, which is 2.3 percent less than it had estimated in July. Get the full story »
Aug. 6, 2010 at 1:56 p.m.
Filed under:
Agriculture/Farming,
Exchanges
By Reuters
A severe drought in Russia could result in higher prices for bread in U.S. stores, as a spike in wheat costs may lead manufacturers to ease up on the discounts retailers pushed for during the recession.
But consumers and retailers may push back. Shoppers could opt for cheaper options as unemployment remains high, while retailers — who try to drive traffic with discounts — could point out that the spike in wheat is no where near the level of two years ago, when manufacturers raised prices on many goods. Get the full story »
Aug. 6, 2010 at 10:03 a.m.
Filed under:
Agriculture/Farming,
International
From Bloomberg | Archer Daniels Midland Co., Potash Corp. of Saskatchewan Inc. and Eagle Bulk Shipping Inc. stand to benefit after Russia, the fifth-largest wheat grower, banned exports of the grain because of its worst drought in 50 years.
Aug. 5, 2010 at 1:36 p.m.
Filed under:
Agriculture/Farming,
Food,
Trade
By Dow Jones Newswires
Wheat futures prices soared Thursday to their highest levels in two years after Russia said it would ban grain exports due to a severe drought, a move that heightens concerns about global supplies of the grain and the possible impact on food prices.
September wheat futures at the Chicago board of trade were up the exchange-imposed daily limit of 60 cents at $7.85 3/4 a bushel in late trading, an 8.3 percent rise and the highest level since Aug. 29, 2008. U.S. wheat futures have gained nearly 85 percent from a nine-month low in June on expectations that demand for U.S. wheat will increase. Get the full story »
Aug. 2, 2010 at 12:43 p.m.
Filed under:
Agriculture/Farming,
Food
By Reuters
Wheat harvesting in northern France. (Reuters)
U.S. wheat prices rose for the fifth straight trading session on Monday, soaring to a 22-month high as the worst drought in 130 years in key exporter Russia fueled concerns about supply. Get the full story »
