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Grain Futures - July 2010
- Scorching weather now afflicting Germany as well: [2010 Jul 30 10:37 AM] The problems began in Russia, where relentlessly high temperatures and a parching drought are raising fears that wheat harvests in Russia and its former satellites will fall far short. Now, Germany may see its own wheat crop drop by almost 9 percent this year, further raising prices of the grain. Read more
- Grain prices rise as supply picture darkens: [2010 Jul 29 04:45 PM] The prices of several key grains climbed on Thursday, as the dollar sank and Russian drought parched the harvest there. The latest International Grains Council Grain Market report, released today, said that global production of wheat will fall to 651 million tons in the next year, down from 677 million tons last year. Read more
- High wheat prices and 'rotting' Indian stocks fuel political firestorm: [2010 Jul 28 04:31 PM] A new report from the Financial Times illustrates the complex situations that arise at the nexus of political and economic realities. As wheat prices rise - on the Comex in New York, wheat futures contracts for September delivery were up 21 cents to $6.16 per bushel - India's government holds massive stockpiles of wheat and rice that are at risk of rotting away as monsoon rain begins to fall. Read more
- Wheat futures slide as uncertainty over Russian supply continues: [2010 Jul 20 03:03 PM] Wheat futures declined on Tuesday, as traders tried to gauge how badly Russia's drought would affect grain supplies. Read more
- Russian drought pushes wheat to 13-month high: [2010 Jul 15 03:14 PM] Seventeen of Russia's wheat-growing regions reported a state of emergency as a result of temperatures that flared over 100 degrees Fahrenheit. Reports say that 20 percent of the land sown with wheat has been destroyed, with as much as 50 percent ruined in eleven of the regions. Read more
