Author of the post:

Reuters

Reuters

Gus Trompiz and Naveen Thukral

Post material

PARIS/SINGAPORE– Chicago wheat futures edged higher on

Friday, staying on course for a 2nd weekly gain as harvest obstacles in

The United States And Canada, Russia and western Europe raised issue over tightening up export

materials.

Corn was little bit altered while soybeans ticked up as market individuals

evaluated crop weather report revealing both rain relief and hotter weather condition in

the U.S. Midwest in the coming days.

Attention in grain markets was moving towards next week’s U.S. Department

Post material

of Farming( USDA) month-to-month supply and need outlook.

Financiers were likewise waiting for month-to-month U.S. tasks information.

The most active wheat agreement on the Chicago Board of Trade was up

0.7%at $7.18 a bushel by1208 GMT.

“The supply of wheat is ending up being tighter and tighter,” Commerzbank experts

stated in a note.

U.S. and Canadian farmers are bracing for a dramatically smaller sized spring wheat

harvest since of the driest conditions in years while experts have actually minimized

Russian harvest approximates due to the fact that of frustrating yields and an authorities

modification to the planted location.

Heavy summertime rain, on the other hand, has actually postponed collecting in parts of Europe and

was triggering problems with grating quality in France.

“Harvesting is making just slow development in numerous locations,” Commerzbank

Short article material

stated.

CBOT corn was up 0.1 %at$ 5.53 -3/ 4 while soybeans included 0.7 %to

$1337 -3/ 4.

Increased weekly corn exports and a flash everyday export sale of soybeans,

both reported on Thursday, provided some assistance to futures, though there were

wider issues about the effect on need from the spread of the Delta

coronavirus variation.

The U.S. corn market stayed underpinned by decreasing potential customers for the

2nd corn crop in competing exporter Brazil.

Rates at 1208 GMT

Last Modification Pct End Ytd Pct

Move 2020 Move

CBOT wheat 718.00 5.25 0.74640.5012.10

CBOT corn 553.75 0.75 0.14484.0014.41

CBOT soy 1337.75 9.25 0.701311.00 2.04

Paris wheat Sep 226.75 1.75 0.78192.5017.79

Paris maize Nov 212.75 2.00 0.95219.00 -2.85

Paris rape Aug 541.50 2.00 0.37418.2529.47

WTI petroleum 69.86 0.77 1.1148.5243.98

Euro/dlr 1.18 0.00 -0.22 1.2100 -2.43

Most active agreements– Wheat, corn and soy United States cents/bushel, Paris

futures in euros per tonne

(Reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore

Modifying by Rashmi Aich and David Goodman

)

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