Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Wheat firms as global supply concerns mount

08/03/2021 | 09:59pm EDT

CANBERRA, Aug 4 (Reuters) - U.S. wheat futures edged higher on Wednesday as concerns about supplies in the United States and the Black Sea region underpinned prices.


* The most active wheat futures on the Chicago Board Of Trade were up 0.2% at $7.26 a bushel by 0148 GMT, having closed down 0.7% on Tuesday.

* The most active soybean futures were little changed at $13.20-1/4 a bushel, having closed down 2.5% on Tuesday.

* The most active corn futures were little changed at $5.50-1/4 a bushel, having gained 2.6% in the previous session.

* The U.S. Department of Agriculture's (USDA) weekly crop progress report, released after Monday's market close, showed better-than-anticipated ratings for soybeans.

* The USDA rated the overall corn crop 2 points lower than the week prior and below analyst expectations.

* Wheat was underpinned by reduced crop prospects in North America and Russia and steady demand from leading importers, though mounting cases of the Delta variant of the coronavirus in China and the United States raised doubts over global demand.


* The U.S. dollar steadied on Tuesday, after having lost value against the Japanese yen and Swiss franc, as questions about slowing U.S. economic growth and the Delta variant challenged risk appetite.

* Oil settled lower on Tuesday, as concerns about rising cases of the Delta coronavirus variant outweighed expectations for another weekly draw in U.S. inventories that had boosted prices early.

* U.S. stocks rose, 10-year Treasuries were flat and oil prices fell on Tuesday as markets weighed mixed signals from corporate earnings and economic growth data.

(Reporting by Colin Packham; Editing by Ramakrishnan M.)

© Reuters 2021
Latest news "Economy & Forex"
02:35pWall Street slides, ending seesaw week in a risk-off mood
02:17pChina applies to join Pacific trade pact to boost economic clout
02:12pPRESIDENT OF REPUBLIC OF TAJIKISTAN : Speech at a press conference following talks with the Prime Minister of the Islamic Republic of...
02:12pWarnings of economic catastrophe come as Congress prepares to debate debt ceiling
01:52pEUROPEAN HEALTH UNION : better disease prevention and cross-border cooperation
01:51pAirbus reaches deal to restructure AirAsia jet order -sources
01:50pTIM COOK : Apple's Cook says he will talk with U.S. official on immigration
01:40pCuba struggles to keep the lights on given decrepit grid
01:39pIMF board reviewing report on Georgieva's actions at World Bank -spokesman
01:32pFORTINET : Security Summit Discusses Practical Insights For Cybersecurity Leaders
Latest news "Economy & Forex"