“Since then, it seems more likely that those estimates ignored obvious weather problems for both grains that are not going away easily.”įlooding along the Mississippi River is the first weather-related problem that comes to mind. Department of Agriculture came out with larger-than-expected ending stocks estimates for 2011-2012, said Todd Hultman, president of. Have fallen 1.6% since the end of last year, finishing Thursday at $13.80 but it rose in February to a high atop $14.50.Īnd, after declines in recent weeks on a broad pullback in commodities, corn, wheat and soybeans are poised to finish this week sharply higher, with wheat trading up by over 10% as of Thursday.Ĭorn and wheat prices had suffered last week after the U.S. Have climbed 2.3%, closing at $8.12 Thursday, though down from a peak of over $8.80 in February. Have scored a year-to-date climb of 19% on the Chicago Board of Trade, ending at $7.48 Thursday after a roller coaster ride in prices that rose to highs above $7.70 in April.
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