Chicago Wheat Commodity Markets, Prices & Futures
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Latest News From Chicago Wheat
A late April blast could bring sub-freezing temperatures as far south as northern Texas, sparking growing concerns about the potential damage to winter wheat.
Kansas typically accounts for 25% of the nation’s winter wheat production, but ongoing drought is weighing on overall crop conditions. Farmers are now facing the possibility of increased abandonment this year.
From the potential for more cold weather later this week to additional moisture increasing chances for flooding in the upper Midwest, the forecast for the remainder of April could hold a few more surprises.
Wheat and corn exports out of the Black Sea region are at risk again as Ukrainian officials say Russia is taking action to block inspections of ships under the Black Sea grain initiative.
As the market balances its focus between increased planting progress and the reality of saturated soils and more chances of rain and snow in the northern tier of states, commodity prices could sway planting decisions.
Several grain companies announced plans to stop Russian grain exports as of July 1. As Russia tries to take control of its domestic grain industry, analysts think it will ultimately hurt Russian grain farmers.
The weather forecast shows more farmers could start planting next week, and as farmers hit the fields, analysts want farmers to not lose sight of marketing opportunities during their busiest time of year.
The Office of the U.S. Trade Representative’s latest report shows top U.S. wheat importers could see a shake-up if trade barriers aren’t addressed.
As Ontario, Canada farmer Julie Maw scouts her wheat fields, it’s the moment of truth for the record number of acres planted across the province this year.
Wet weather in the Northern Plains and Upper Midwest is sparking conversations about a growing number of prevent plant acres this year. Is it too early to start conversations about the possibility of prevent plant?