CHICAGO-- Grain futures were lower Thursday in early trading on the Chicago Board of Trade. Wheat for March delivery was 6.50 cents lower at 6.3425 a bushel; March corn was 7 cents lower at 4.3225 a bushel; March oats were unchanged at $3.45 a bushel; while January soybeans loss 16 cents to 13.28 a bushel.» Read More
The spike in crop prices this year may be an early glimpse into a chronic food crisis that could unfold over the next forty years, says well-known money manager Jeremy Grantham.
Christopher Narayanan, Head of Agricultural Commodities Research, Societe Generale says that there's no need for an ethanol mandate waiver as there is still sufficient inventories.
Luke Chandler, Global Head of Agri Commodity Markets Research, Rabobank says that grain prices will head higher in the coming months.
The world is facing a new food crisis as the worst US drought in more than 50 years pushes agricultural commodity prices to record highs.
Arjuna Mahendran, MD & Head Investment Strategy Asia at HSBC Private Bank says that central banks are still fearful of cutting rates due to the risk of high inflation.
With nearly two-thirds of the US enduring drought conditions, food prices are expected to jump ahead of the November election. That could add to voter anxieties about the economy, the Christian Science Monitor reports.
Luke Mathews, Agriculture Commodities Strategist at Commonwealth Bank of Australia, says he sees potential further upside for the oilseed complex due to tight supplies in the U.S. He adds that the corn supply crunch is also putting pressure on wheat prices.
The USDA slashed projections of corn production by a larger than expected amount, now predicting an average yield of 146 bushels an acre. "My concern is we're underestimating the scope of the problem," says Gulke, who also advises farmers on risk management tools like futures with The Gulke Group.
CNBC's Rick Santelli discusses the play on the USDA's cut in yield projections for corn, soybeans, and wheat, with Frank Lesh, FuturePath Trading
CNBC's Jane Wells reports on the latest trades in corn and grain after a government report predicts significant cuts in yields.
CNBC's Rick Santelli discusses bond prices and yields.
Greg Smith, Group CEO, Global Commodities Ltd says that speculators are still short commodities and that investors are not picking up on the protein theme yet.
A rising U.S. dollar is exerting major pressure on commodity prices and in turn could be setting up a prime buying opportunity in grains, energy and—yes—even gold.
Alvin Liew, Senior Economist, UOB says he is less worried about food price levels right now.
Erin Fitzpatrick, Commodity Analyst, Rabobank says that downgrades in South America Soybean crop production levels is causing the largest year-on-year decline in global output.
With commodities enjoying a robust start to 2012, some traders are concerned that crude oil and other hard assets are ripe for a fall.
Syngenta, the world's largest agrochemicals company, is aiming for higher earnings this year as price hikes and cost-cuts are expected to help it offset the impact of the strong Swiss franc and raw material prices.
Dennis Gartman, The Gartman Letter, provides insight on the best plays in the agriculture space and the impact of unusual weather on grains and crops.
Food prices and security, threatened by weather-caused production declines and relentless rising demand, will be a key issue at the conference of world business, political and social leaders.
After a big run-up earlier this week, corn prices dropped along with soybeans, with CNBC's Jane Wells.