*Wheat falls below $5 for first time in three months. *Wheat down 15 pct in Jan, biggest fall since Sept 2011. Wheat posted the biggest percentage losses of the three, with the lead contract dipping below $5 for the first time since mid-October.» Read More
PUTIN SAYS RUSSIA TO SUPPLY EGYPT WITH AT LEAST 5-5.5 MLN TONNES OF WHEAT.
Corn futures also fell, weighed down by light demand on the export market. Traders said the wheat market was in focus owing to concerns about how the conflict between Russia and Ukraine would affect exports from the Black Sea region.
*Wheat falls after hitting highest since June 30. Traders said the wheat market was in focus due to concerns about how the conflict between Russia and Ukraine would affect exports from the Black Sea region.
FAO RAISES WORLD WHEAT OUTPUT FORECAST TO 707.2 MLN TONNES, VERSUS 702.7 MLN TONNES PREVIOUSLY FORECAST.
*Wheat extends winning streak to five days. Wheat futures rose for the fifth day in a row on bargain buying and improving export demand. Chicago Board of Trade soybeans for August delivery fell 9-3/ 4 cents to $12.22-3/ 4 a bushel.
*Wheat falls after four-day rally. Wheat futures fell in a profit-taking setback after four straight days of gains pushed prices their highest in more than two weeks. At 10:29 a.m. CDT, Chicago Board of Trade soybeans for August delivery were down 10-1/ 2 cents at $12.22 a bushel.
The Futures Now team discusses concerns about food inflation, and whether the slide in corn and wheat is good news.
Abah Ofon, Director of Agricultural Commodities Research at Standard Chartered, says tensions about Ukraine have added a supply premium to the wheat market.
The Ukraine conflict has sent commodities markets into a tizzy, with Russia's invasion of the Ukrainian peninsula Crimea pushing up wheat and corn.
In two weeks, Girl Scouts will descend upon supermarkets and businesses to peddle boxes of cookies, tempting people with a new gluten-free cookie.
The United Nations food agency said rising sugar prices due to harvest concerns in Brazil drove global food prices slightly higher in October.
Simona Gambarini, associate director of research at ETF Securities, expects the upcoming USDA crop report to stay bearish.
Philippa Malmgren, president of Principalis Asset Management, argues that the protests in Egypt erupted due to the government's failure to deliver on its promise for lower wheat prices.
Farmers are planting more corn than expected -- in fact, they planted more than any year since 1936, reports CNBC's Jane Wells. The USDA also expects record Soy crops, she says.
The Department of Agriculture has found unapproved, genetically modified wheat on an Oregon farm, reports CNBC's Hampton Pearson.
Jerry Gulke, Gulke Group president discusses what he expects to see from today's USDA Supply and Demand Report, with CNBC's Rick Santelli.
Discussing how staples, including corn, wheat and soy, are holding up in the Midwest amid cold weather, with Weather Channel's Reynolds Wolf and Jeff Kilburg, KKM Financial.
Chris Gadd, grains analyst at Macquarie Group, talks to CNBC about the lack of quality wheat in the UK which he says doesn't look likely to get any better.
Floods in the Midwest have made it harder to plant corn this spring, but the question is what might happen in the wheat belt as unusually late snows melt in the northern Plains.
Joseph Vaclavik, president of Standard Grain, tells CNBC that prices for corn and wheat are at multi-month lows due to increased production around the world.