Weather fears push up wheat

first_imgMonday 30 August 2010 9:05 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp Show Comments ▼ Tags: NULL KCS-content center_img Share Weather fears push up wheat More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child Western European wheat markets extended gains yesterday as adverse crop weather in the southern hemisphere and harvest rain in Germany reinforced concerns about global supply in the wake of a severe drought in Russia.Benchmark European futures in Paris broke resistance levels to hit new three-week highs, while Germany’s cash market set a 28-month peak as relentless rain continued to threaten the quality of the new crop.Milling wheat futures on Euronext rose three per cent as technical momentum from the breaching of resistance added to support from weather concerns.Adverse growing weather in Australia and Argentina was adding to tension in world wheat markets. The two southern hemisphere exporters had been expected to help offset a shortfall in Russian supply. “These are two origins that are timed for the second half of the export campaign. If there are problems with them, where are we going to go and get wheat?” one trader said. November milling wheat was up €7 or 3.17 per cent at €227.50 a tonne. It earlier marked an intraday high of €229.25, the highest level since 6 August, as it moved closer to a contract high of €236 set on 5 August. Euronext re???mained underpinned by strong export activity as French milling wheat remained highly sought-after amid a Russian export freeze and a lack of quality in Germany’s rain-blighted harvest, which boosted premiums for milling-grade wheat.Traders cited interest from Moroccan buyers in the light of the suspension of the country’s import tariffs, while data from French ports showed loadings scheduled for a range of Middle Eastern destinations including Syria as well as a cargo due for Nigeria. whatsapplast_img read more