Chicago Wheat Commodity Markets, Prices & Futures
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Latest News From Chicago Wheat
A recent late-spring blizzard could prove to be disastrous for farmers in far western Kansas.
Shipment shows competitiveness of U.S. wheat, analyst says.
First came a deluge of rain, then a string of winter blizzards. Now, April showers are threatening to heap further moisture on waterlogged fields just as Canada’s farmers prepare to plant their fields this spring.
Wheat imports estimated to be 4.1 million tons in 2016-17.
Wheat stockpiles seen plunging 37 percent this season.
Unharvested acres must come off field before spring planting.
Wheat growers have had a rough go the last couple of years with low prices and the least amount of acres planted in nearly a century.
Wheat exports seem to be robust despite record world wheat supplies and a relatively strong dollar, according to the USDA.
With farmer and regulator eyes turned toward the two companies, Bayer and Monsanto technology leads on Thursday repeated their confidence the merger will close by the end of 2017. The companies need approval from regulatory authorities in 30 countries.
Global wheat stocks have been dwindling due to a worse than expected Indian crop and an “off” Ukranian crop, according to Jim Bower of Bower Trading on Market Rally Radio.