Chicago Wheat Commodity Markets, Prices & Futures
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Latest News From Chicago Wheat
Grain markets yawned Thursday after the release of the latest supply and demand report from the USDA.
So far, favorable South American weather forecasts support estimates of increased crop production in Brazil and Argentina. As a result, some analysts are betting on bigger U.S. ending stocks.
Brazil ‘s government grain agency CONAB raised its estimates Tuesday for record bumper crops of soybeans and grains.
Amid new tensions with China, the Obama administration on Thursday launched its 15th challenge against Beijing at the Word Trade Organization, escalating a long-simmering debate over practices that U.S. officials say limit American farmers’ ability to export rice, wheat and corn to the Asian powerhouse.
There wasn’t anything to get excited about in regard to USDA’s monthly WASDE and Crop Production reports. Though, that was to be expected, says Jerry Gulke, president of The Gulke Group.
Farmers looking to control disease and fungus in a variety of crops will soon have a new fungicide option in their arsenal.
AgWeb.com will have full coverage of USDA’s April reports, following the 11 a.m. Central Time releases.
AgWeb.com will have full coverage of USDA’s March 9 reports, following the 11 a.m. Central Time releases.
Weekly Export Inspections Report highlights.
Black Sea crops are enjoying near-perfect conditions and Europe is holding its breath for a decision from Russia regarding its export taxes. Odds increasingly favor their removal.