Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Wheat firms as dry weather threatens North American plantings

04/07/2021 | 10:58pm EDT

CANBERRA, April 8 (Reuters) - U.S. wheat futures edged higher on Thursday as dry weather in several North American growing regions raised concerns of an impact to planting timeline.

FUNDAMENTALS

* The most-active wheat futures on the Chicago Board of Trade were up 0.1% at $6.17 a bushel by 0241 GMT, having closed up 0.1% on Wednesday.

* Soybean futures were down 0.2% to $14.06-1/4 a bushel, having closed down 0.7% on Wednesday.

* Corn futures fell 0.1% to $5.59-3/4 a bushel, having gained 1.1% in the previous session.

* Spring wheat planting across the U.S. Upper Great plains and Canadian prairie has been hampered by extreme dryness that could negatively affect yields.

* Brazil looks to export 16.3 million tonnes of soybeans in April, up from 14.2 million acres a year ago, as well as 22,000 tonnes of corn, according to Brazilian grain export association ANEC.

* Brazil's second-crop corn planting could see yields trimmed by an estimated 3.6% this year, Agroconsult said.

* Market awaits corn USDA to adjust grain usage in its monthly supply and demand assessment.

MARKET NEWS

* The U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve's March policy meeting offered no new catalysts to dictate market direction.

* Oil prices fell after official figures showed a big increase in U.S. gasoline stocks, causing concerns about demand for crude weakening in the world's biggest consumer of the resource at a time when supplies around the world are rising.

* Asian share markets lagged as U.S. stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery. (Reporting by Colin Packham; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CORN FUTURES (C) - CBR (FLOOR)/C1 2.45% 606.5 End-of-day quote.20.97%
EURO / BRAZILIAN REAL (EUR/BRL) 0.19% 6.6891 Delayed Quote.5.29%
LONDON BRENT OIL -1.31% 66.3 Delayed Quote.28.41%
SOYBEAN MEAL FUTURES (ZM) - CBE (ELECTRONIC)/C1 0.71% 410.4 End-of-day quote.-7.41%
SOYBEAN OIL FUTURES (ZL) - CBE (ELECTRONIC)/C1 3.63% 58.31 End-of-day quote.29.86%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 1.15% 659.75 End-of-day quote.1.83%
WTI -1.77% 62.447 Delayed Quote.30.34%
Latest news "Economy & Forex"
05:54pBIDEN : U.S. must boost EV production to surpass China
RE
05:54pUtilities Up On Rotation Into Defensive Sectors, Drop In Treasury Yields -- Utilities Roundup
DJ
05:53pHealth Care Up On Defensive Bias -- Health Care Roundup
DJ
05:51pCommunications Services Down As Netflix Slides After Hours -- Communications Services Roundup
DJ
05:44pFinancials Down After Regional Bank Earnings -- Financials Roundup
DJ
05:43pFoxconn's Wisconsin deal touted by Trump shrinks from 13,000 jobs to 1,454
RE
05:32pIndustrials Down As Aviation Worries Offset Railroad Deal -- Industrials Roundup
DJ
05:28pBritish Columbia projects C$9.7 billion deficit in 2021-22
RE
05:28pU S SENATE COMMITTEE ON AGRICULTURE NUTRITION &  : Growing Climate Solutions Act reintroduced
PU
05:27pTSX falls 0.85% to 19,040.78
RE
Latest news "Economy & Forex"