Wheat hits over 1-month low as snowfall aids U.S. crop; corn, soybeans ease
03/14/2021 | 10:24pm EDT
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Message : Chicago corn, soybean futures ease; lower LatAm production
weighs
SINGAPORE, March 15 (Reuters) - Chicago wheat futures lost
more ground on Monday, with prices dropping to their lowest in
more than a month as snowfall across key U.S. growing regions
boosted expectations of a bumper crop.
Corn and soybeans also fell in Asian trade. This decline in wheat prices should give importers a buying
opportunity, one Singapore-based trader said. We don t see a
big drop in wheat prices from the current levels.
CANBERRA U.S. wheat futures edged lower to hit a one-month low on Monday, as heavy snowfall across a key U.S. growing region aided crops that are beginning a…
Wheat recovers from 1-month low Impact of welcome rain for U.S. wheat analysed Soybeans fall and corn firms (Recasts with European trade, adds new comment, changes dateline)By Michael HoganHAMBURG, March 15 (Reuters) - Chicago wheat rose on Monday after earlier hitting its lowest in more than a month as the market assessed the impact of welcome rain and snow across U.S. growing regions.Corn was also firm and soybeans fell.
GRAINS-Storms forecast for U S Plains drive wheat to one-month low agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.
(Adds quote from exchange report)
BUENOS AIRES, March 11 (Reuters) - Argentina is expected to harvest 44 million tonnes of soy and 45 million tonnes of corn this season, below the previously forecast 46 million tonnes for each crop, due to dry conditions, the Buenos Aires Grains Exchange said on Thursday.
The country’s Pampas farm belt has suffered unusually dry weather since the middle of 2020. A recent heatwave combined with low rainfall has exacerbated the situation.
“Early-planted soy fields are approaching harvest with expected yields below historical averages. Late-planted soy is seeing losses of harvestable area due to pest attacks and depleted water reserves,” the exchange said in its weekly crop report.