Drought from Paris, France to Paris, Texas has farmers and grain dealers looking upwards – to the skies for signs of rain. U.S. wheat prices are on their way to their biggest weekly gain and European benchmark wheat futures have jumped just under 30 per cent in the past nine weeks as wheat belts on
Dry Conditions On Both Sides Of The Atlantic
Commodity storm leaves food concerns intact
This week’s commodities plunge has done little to dent concerns of continuing food price inflation, as grain prices held up better than most and fundamentals for the highly weather-sensitive sector are unchanged. Grain traders have had their eyes glued to weather forecasts rather than economic data, as heavy rainfall slows planting in the U.S. Corn
Cyber-Savvy Farmer
