Wheat soars as traders worry over weather hitting Russian crop yields

seekingalpha05-21

Wheat futures surged Monday in Chicago, as weather risks to the harvest in Russia were amplified by concerns about a potential escalation in the war with Ukraine. Key producing regions lost ~900K ...

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Key producing regions lost ~900K ...</p>\n\n<a href=\"https://seekingalpha.com/news/4108573-wheat-soars-as-traders-worry-over-weather-hitting-russian-crop-yields\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MOO","symbol_name":"农业指数ETF-Market Vectors","start_time":0,"source_url":"https://seekingalpha.com/news/4108573-wheat-soars-as-traders-worry-over-weather-hitting-russian-crop-yields","article_id":"2437353344","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1343164185/image_1343164185.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437353344","pubTimestamp":1716243919,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Wheat futures surged Monday in Chicago, as weather risks to the harvest in Russia were amplified by concerns about a potential escalation in the war with Ukraine. Key producing regions lost ~900K hect","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MOO":"农业指数ETF-Market Vectors","DBA":"农业指数ETF-PowerShares DB","SOYB":"Teucrium Soybean Fund","CORN":"Teucrium Corn Fund"},"translate_title":"交易员担心天气影响俄罗斯农作物产量，小麦价格飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CORN":1,"DBA":1,"MOO":1,"SOYB":1},"content_text":"Wheat futures surged Monday in Chicago, as weather risks to the harvest in Russia were amplified by concerns about a potential escalation in the war with Ukraine. Key producing regions lost ~900K hectares of wheat after being hit by frosts and dryness from a lack of rain in recent weeks, Russia's agriculture ministry said. \"There is no rainfall expected in the coming week in much of the Russian wheat belt, exacerbating existing concerns that the lowest cost supplier will see a significant drop in production,\" which should boost demand for U.S. wheat, Rabobank analyst Carlos Mera said. Meanwhile, Ukrainian drones attacked the Russian grain export port of Novorossiysk on Friday, which apparently caused minimal damage but \"Ukraine appears to be targeting strategic economic targets within Russia, which now includes ag trade,\" AgResource said in a note. Wheat for July delivery (W_1:COM) on the Chicago Board of Trade settled +5.8% to $6.88 per bushel, rebounding from a drop last week after previously hitting their best level in nine months on worries over Russia's \"historic freeze.\" Wheat's surge helped lift other grains, as July corn (C_1:COM) ended +1.8% to $4.60 1/4 per bushel and July soybeans (S_1:COM) settled +1.6% to $12.46 3/4 per bushel. ETFs: (NYSEARCA:WEAT), (CORN), (SOYB), (DBA), (MOO) U.S. grains also were supported as U.S. growing areas are expected to receive heavy rainfall this week, which may keep farmers out of fields. \"I don't see panic yet, but concerns are growing,\" as extended delays could push planting completion to June, which would affect crop yields and push prices up, Arlan Suderman of StoneX said, according to Dow Jones.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.1","shortVersion":"4.24.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2437353344"}