*Corn dips on forecasts for improved U.S. planting weather. "It has been an exciting week thus far for soybeans, and for the old-crop new-crop spreads in particular," Matt Zeller, director of market information at INTL FCStone said in a note to clients.» Read More
Wheat futures rose sharply for a second straight day Tuesday amid cold temperatures in the U.S. and growing concerns that Ukraine's grain exports could be disrupted. Wheat rose 23 cents, or 3 percent, to settle at $7.02 a bushel.
ST. LOUIS— Most years about this time, northern Illinois farmer Monty Whipple, like so many Midwest growers, would be riding high in his monstrous planter, kicking up dust while sowing corn in hundreds of acres. Farmers in other key corn-producing states— Iowa, Nebraska and Indiana— were equally idle, the USDA says.
*Concerns about Ukraine unrest buoy wheat futures. Wheat futures gained 3.4 percent, surging through the $7- a-bushel level, on fears that escalating political tensions in Ukraine would disrupt shipments of the grain from the key exporter. "The market last week was compressed on the China default news," said Dan Cekander, grains analyst with Newedge USA.
*Concerns about Ukraine unrest buoy wheat futures. Wheat futures gained 2.3 percent, supported by concerns escalating political tensions in Ukraine would disrupt shipments of the grain from the key exporter. "The market last week was compressed on the China default news," said Dan Cekander, grains analyst with Newedge USA.
CHICAGO— Grain futures were mixed Tuesday in early trading on the Chicago Board of Trade. Wheat for May delivery was unchanged at 6.7875 a bushel; May corn was 3.25 cents lower at 4.9975 a bushel; May oats were unchanged at 4.0350 a bushel; while May soybeans was 19.75 cents higher at 14.96 a bushel.
SIOUX FALLS, S.D.— Planting of spring wheat and barley is lagging behind the average pace in South Dakota. The Agriculture Department says in its weekly crop and weather report that 6 percent of the state's spring wheat crop is in the ground, compared to 22 percent on average. Most South Dakota ranchers reported good calving conditions over the week.
FARGO, N.D.— A week of warm temperatures and snowmelt has pushed back spring planting in North Dakota even more. The 10- year average start date in North Dakota is April 20. Stockwater supplies in North Dakota are rated 99 percent adequate to surplus.
*Dry weather in France, Germany seen threat to wheat yields. LONDON, April 15- Wheat prices on the Chicago Board of Trade edged higher on Tuesday, moving back towards the prior session's two-week peak, boosted by cold, dry weather in the U.S.
MANILA, April 15- Two state-owned Vietnamese companies looked set to win deals to supply a total of 800,000 tonnes of rice to the Philippines, the Southeast Asian nation's biggest purchase of the grain in three years as it looks to bolster dwindling stocks.
*Harsh U.S. weather, Ukraine tensions limit losses. SINGAPORE, April 15- U.S. wheat dipped on Tuesday after rising the most in three weeks in the last session, but losses were limited by concerns over cold weather hitting the U.S. winter crop and tensions in key grain supplier Ukraine.
SINGAPORE, April 15- U.S. wheat futures edged lower on Tuesday after rising the most in three weeks in the prior session, but a modest drop suggests investors remain concerned about weather impacts on the U.S. crop and tensions over Ukraine.
Markets in Chicago and Detroit were among those struggling to fill whitefish orders before the beginning of the eight-day celebration Monday evening, and a representative of a commercial fishing agency said the shortfall extended as far as New York.
*Corn follows wheat; strong export data lends support. Corn and soybeans followed wheat higher, with corn buoyed by strong weekly export inspections data. At the Chicago Board of Trade, May wheat settled up 18-1/ 2 cents at $6.78-3/ 4 per bushel, while the KC May hard red winter wheat contract ended up 22-1/ 2 cents at $7.42.
NEW YORK— Cold weather in U.S. growing areas and more worries about disruptions to exports from Ukraine sent the price of wheat sharply higher Monday. May corn rose 5 cents to $5.03 a bushel and May soybeans rose 13 cents to $14.76 a bushel.
*Corn follows wheat; strong export data lends support. Corn and soybeans followed wheat higher, with corn buoyed by strong weekly export inspections data. At the Chicago Board of Trade as of 12:08 p.m. CDT, May wheat was up 22 cents at $6.82-1/ 4 per bushel, while the KC May hard red winter wheat contract was up 26-1/ 4 cents at $7.45-3/ 4.
CHICAGO— Grain futures were higher Monday in early trading on the Chicago Board of Trade. Wheat for May delivery was 21.50 cents higher at 6.8175 a bushel; May corn was 8.25 cents higher at 5.0675 a bushel; May oats were unchanged at 4.0350 a bushel; while May soybeans was unchanged at 14.63 a bushel.
The North Dakota Republican said BNSF Executive Chairman Matt Rose told him over the weekend that the railroad "will dedicate additional resources and crews to get fertilizer to North Dakota producers faster."
Black spent the past 18 months working with farmers on a new rule that prohibits packaging Vidalia onions for shipping before the last full week of April. Any farmer who ships onions before the official start date next Monday faces fines of up to $5,000 per bag or box, and could be banned from selling onions under the Vidalia trademark in the future.
NEW DELHI, April 14- India's main opposition party said it would push on with the country's drive to expand its grain exports if it forms the next government after elections that kicked off last week.
*Australia keen to sell live cattle to China. SYDNEY/ BEIJING, April 14- Hot on the back of winning lower tariffs for beef exports from its largest buyer Japan, Australia is setting its sights on winning another major prize for its beef industry by persuading China to open its market to live cattle sales.