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Grain Futures - September 2010
- Wheat futures slump as Egypt and other buyers cancel shipments: [2010 Sep 24 08:27 AM] Egypt and other major buyers cancelled shipments totaling nearly 500,000 tons of wheat on Thursday, sending wheat futures spiraling down, reports Bloomberg News. Chicago Board of Trade wheat futures for December 2010 delivery dropped to 22.5 cents to $6.9725 per bushel. The contract set a two-year high of $8.68 per bushel on August 6. Read more
- Wheat futures advance as Russia plants less and Australia crop falls: [2010 Sep 22 09:53 AM] Wheat futures traders have had a dramatic ride over the past few months, as the grain surged from about $5 per bushel in early June and July to as high as $8 per bushel in August Read more
- Rally pushes corn to two-year high: [2010 Sep 18 01:00 AM] A worrying supply picture and surging global demand helped U.S. corn futures break above $5 per bushel for the first time in two years today. Read more
- China strives for "self-sufficiency": [2010 Sep 15 03:12 PM] China - now the world's biggest consumer of energy, grains and many raw materials - is aiming to become more "self-sufficient" even as globalized markets tie the world closer together. Read more
- Wheat futures rise as U.S. sees growing demand from abroad: [2010 Sep 13 05:11 PM] Wheat futures gained on Monday, as traders projected that hot weather may threaten crops in southwestern Australia and the U.S. will have to step in with further exports to meet global demand. Read more
- Corn futures gain on supply concerns in the Midwest: [2010 Sep 09 04:01 PM] Corn and wheat futures rose on Thursday, reflecting commodities brokers' concern that a heat wave across the Midwest will negatively impact the corn crop. Tomorrow, the U.S. Department of Agriculture is scheduled to release updated figures on its projected yield and production forecasts. Read more
- Corn futures fluctuate near 14-month highs: [2010 Sep 08 11:35 AM] Corn futures fluctuated on Wednesday, as some traders are speculating that low supplies will boost the price of the grain. At 10:41 a.m. EST, corn futures for September delivery were down 2 cents to $4.494 per bushel on the Chicago Board of Trade. Read more
- Food prices continue to climb, as rioting breaks out in Africa: [2010 Sep 08 07:56 AM] The rising price of key grains and social unrest in Africa raised fresh concerns of a food crisis that could mirror or exceed that which wracked the developing world in 2007 and 2008. Read more
- Soybean futures gain on China buying : [2010 Sep 07 04:22 PM] The price of soybean futures surged on Tuesday, as China purchased larger quantities of soybean oil in response to rising domestic demand for vegetable oils. Read more
- Corn could follow wheat's upward trajectory: [2010 Sep 07 01:55 PM] The U.S Department of Agriculture will update its estimates of the nation's corn, soybeans and wheat stockpiles this week - and the data will probably show that inventories of corn have dropped to the lowest levels since 2004. Read more
- Food prices continue to climb, as rioting breaks out in Africa: [2010 Sep 03 01:12 PM] The rising price of key grains and social unrest in Africa raised fresh concerns of a food crisis that could mirror or exceed that which wracked the developing world in 2007 and 2008. Yesterday, Russian prime minister Vladimir Putin announced that the nation would extend its moratorium on the export of grain until 2011 - a harsh and surprising measure which reflects growing resource nationalism in one of the world's largest exporters of food and energy. Read more
- Wheat futures continue to rise, Russia loosens export ban: [2010 Sep 01 12:06 PM] The price of wheat gained on Wednesday, with wheat futures for September delivery climbing 12.4 cents to $6.65 per bushel. Futures for March delivery were even higher, at $7.224 per bushel. Read more
