Bad weather boosts US wheat – HGCA

  • CBOT and KCBT wheat futures prices rose across the board by close on Thursday compared with the previuous week, trading between $1 to $2.40 higher in a market largely focused on the adverse weather.

    Mondays US Department of Agriculture crop report rated 20% of the winter wheat crop – which is in the final stages of the growing season – “poor to very poor”, and 45% as “good to excellent”, compared with 14% and 62% of a year ago.

  • US maize steady amid planting delays

    CBOT maize prices closed steady as maize sowings continued on schedule.

    Plantings are 5% complete, but are likely to come up against weather-related delays.

  • Wheat deals in Med

    TURKEY sold 245,000 tonnes of wheat, Egypt bought 195,000t of US, Australian and Canadian wheat while Algeria, Tunisia, Jordan and Syria announced buying tenders.

Taken from HGCA weekly MI Bulletin
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