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Wheat Jumps Most in Six Weeks as Dry Kansas Weather Curbs Yield |
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Written by Tony C. Dreibus at Bloomberg.com
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Tuesday, 15 May 2012 14:11 |
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Wheat rose the most in more than six weeks on speculation that dry weather will curb yields in Kansas, the biggest U.S. producer of winter varieties.
About 52 percent of the Kansas crop was rated good or excellent as of May 13, down from 60 percent the prior week, the U.S. Department of Agriculture said in a report yesterday. Most of the state has received little or no rain in the past week, National Weather Service data show. Before today, the price dropped 5.8 percent this year as favorable weather sped crop development.
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Last Updated on Tuesday, 15 May 2012 08:12 |
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FORTUCAST Agricultural Timer - Wheat |
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Written by Barry Rosen at Fortucast
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Tuesday, 15 May 2012 11:35 |
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JULY CHICAGO WHEAT (electronic ok)
(5/15): Wheat ended mixed on the uneven corn, higher dollar, and technical buying, Brownfield Ag News reported. The fundamentals are bearish and there was no fresh news but after the recent losses, contracts are oversold. For the winter wheat crop, USDA states 72% has headed, compared to 50% a year ago and 46% on average and 60% of the crop is in good to excellent condition, down 3% on the week, while for spring wheat, 94% is planted, compared to 33% a year ago and 64% on average with 68% emerged, compared to 10% a year ago and 32% on average.
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Last Updated on Tuesday, 15 May 2012 05:36 |
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Dry Weather in West Australia Seen Threatening Wheat Planting |
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Written by Phoebe Sedgman
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Tuesday, 15 May 2012 10:49 |
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Dry weather may curb crop planting in Western Australia, the nation’s largest wheat grower, on forecasts for little rainfall this week, according to the state’s largest grain handler CBH Group.
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Last Updated on Tuesday, 15 May 2012 04:54 |
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FORTUCAST Agricultural Timer - Wheat |
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Written by Barry Rosen at Fortucast
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Monday, 14 May 2012 08:54 |
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JULY CHICAGO WHEAT (electronic ok)
(5/11): Wheat settled mostly lower on technical and commercial selling, along with spillover from corn, beans, and the outside markets, Brownfield Ag News reported. The overall fundamentals remain bearish, especially on the global supply side of the balance sheet. In any event, there was no fresh supportive news. May Minneapolis was the only contract to finish in positive territory.
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Last Updated on Monday, 14 May 2012 02:55 |
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Arkansas wheat harvest under way 2 weeks early |
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Written by The Associated Press
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Friday, 11 May 2012 14:32 |
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The Arkansas winter wheat harvest normally doesn't start until early June but combines are already rolling in southeast Arkansas, thanks to the warm spring that enabled the crop to mature early.
"By Monday, if it does not rain, harvest will be full swing," Gus Wilson, Chicot County extension staff chair for the University of Arkansas System Division of Agriculture, said. "We're a strong 12-16 days ahead of schedule."
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Last Updated on Friday, 11 May 2012 08:34 |
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FORTUCAST Agricultural Timer - Wheat |
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Written by Barry Rosen at Fortucast
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Friday, 11 May 2012 09:54 |
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JULY CHICAGO WHEAT (electronic ok)
(5/10): Wheat ended mixed in consolidation trade, Brownfield Ag News reported. USDA raised the winter wheat production estimate to 1.69 billion bushels, up 13% on the year with hard red winter up 32% and soft red down 6%. Still, the Ag Department lowered old crop ending stocks and new crop stocks were smaller than expected.
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Last Updated on Friday, 11 May 2012 03:55 |
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FORTUCAST Agricultural Timer - Wheat |
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Written by Barry Rosen at Fortucast
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Thursday, 10 May 2012 10:00 |
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JULY CHICAGO WHEAT (electronic ok)
(5/9): Wheat ended lower on technical selling and spillover from corn, soybeans, and the outside markets, Brownfield Ag News reported. Wheat’s fundamentals remain bearish, particularly on the global supply side of the balance sheet. USDA’s expected to increase the winter wheat production estimate while lowering old crop ending stocks. European wheat was mixed with nearbys up sharply ahead of their expiration.
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Last Updated on Thursday, 10 May 2012 04:02 |
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FORTUCAST Agricultural Timer - Wheat |
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Written by Barry Rosen at Fortucast
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Wednesday, 09 May 2012 11:10 |
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JULY CHICAGO WHEAT (electronic ok)
(5/8): Wheat ended mixed with Chicago and Kansas City up on short covering and Minneapolis was on planting progress, Brownfield Ag News reported. Ahead of the open, a group of South Korean feedmills picked up two 23,000 ton cargoes of U.S. wheat. Additionally, several South Korean feedmills purchased 36,100 tons of Australian feed wheat and South Korea’s Major Feedmill bought 112,000 tons of optional origin wheat.
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Last Updated on Wednesday, 09 May 2012 05:11 |
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