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U.S. winter wheat ratings decline amid drought in western Plains CHICAGO: U.S. winter wheat crop ratings declined slightly over the past week amid a deepening drought in western and southern portions of the U.S. Plains wheat belt, the U.S. Department of Agriculture said on Monday.The winter wheat crop was rated 33 percent good to excellent, down 1 point from the previous week and well below the five-year average of 49 percent, USDA said in its weekly crop progress report.Analysts polled by Reuters, on average, expected no change to the condition ratings.Hard red winter wheat yields were expected to decline from a year ago due to dry conditions at planting last fall, followed by a harsh winter that likely damaged a larger-than-normal portion of the crop and a worsening drought.Ratings in top winter wheat producer Kansas dropped to 21 percent good to excellent, from 24 percent a week ago, as crop scouts on an annual U.S. winter wheat tour prepare to ...

Wheat hits 2-week high on drought conditions in US Plains CHICAGO: US wheat rose for the fifth straight session, climbing to a two-week high on Monday on concerns that drought conditions in the southern Plains could cut yields before an annual crop tour this week in the top-growing state of Kansas, analysts said.Corn futures advanced to a nearly three-week high at the Chicago Board of Trade as soggy fields in the Midwest prevented farmers from planting seeds while soybeans jumped on tight US supplies.But wheat ...
CBOT soybeans rally on tight stocks CHICAGO: US soybean futures rose on Friday as investors rebuilt bull spreads due to tight US supplies, traders said.The front-month soybean contract rose 1.9 percent, its biggest gain of the week, and closed just off its session high, a bullish sign for the market.Strength in soymeal, which rallied 2.3 percent as processors scrambled to find crushing supplies, led soybean prices higher.Soyoil also rose but gains were limited by declines in the crude oil market.CBOT front-month ...
CBOT wheat rises 1.7 percent to top $7 a bushel CHICAGO: US wheat futures rose for the fourth day in a row on Friday as traders staked out bullish positions ahead of the weekend on concerns about supply disruptions due to violence in Ukraine and dry conditions in the US Plains.K.C. hard red winter wheat futures, which track the crop grain in the Plains, notched the biggest gains on Friday, rising 2.1 percent and hitting the highest level since March 28.CBOT front-month soft red winter ...
CME live cattle futures climb before USDA report CHICAGO: Chicago Mercantile Exchange live cattle futures on Friday closed higher, fueled by their discounts' to initial cash prices prior to the U.S. Department of Agriculture's Cattle-On-Feed report at 2 p.m. CDT (1900 GMT), traders said.Analysts expect Friday's report to show the number of cattle placed in feedyards in March increased 0.8 percent from a year ago led by record-high prices for market-ready cattle.Market-ready or cash cattle in Texas moved at $145 per hundredweight (cwt), ...
ICE Canada canola spikes on oversold conditions, short-covering WINNIPEG: ICE Canada canola futures rose on Friday, led by the front month to its biggest gain in eight months, on oversold conditions and short-covering by exporters. * Nearby canola gained 0.4 percent for the week, their fifth straight weekly gain. May contract buying was also linked to the expiry on Friday of May options. A lack of commercial hedges and fund selling also allowed canola to jump. Support also spilled over from the previous ...
ICE coffee falls on profit-taking after week's rally NEW YORK/LONDON: ICE arabica coffee futures tumbled by 8 cents a lb on Friday as traders booked profits at the end of a fifth straight weekly gain that sent prices to a 26-month high on estimates for lower output in top grower Brazil because of a drought.Raw sugar futures crawled to their first weekly gain in four weeks after this week's Brazil industry data showed drought has hurt early harvesting in the top producer.ICE cocoa ...


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