U.S. wheat futures jump to four-month high as Russia's wheat crop suffers from drought

seekingalpha10-03

U.S. wheat futures settled above the $6 per bushel level for the first time since June on Wednesday, fueled by increased concerns about drought conditions in Russia and tightening Black Sea supplies. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472686430?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1287023243/image_1287023243.jpg","is_english":true,"pubTime":"2024-10-03 04:55","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2472686430","market":"fut","top_or_hot":-1,"title":"U.S. wheat futures jump to four-month high as Russia's wheat crop suffers from drought","media":"seekingalpha","content":"<div>\n<p>U.S. wheat futures settled above the $6 per bushel level for the first time since June on Wednesday, fueled by increased concerns about drought conditions in Russia and tightening Black Sea supplies. ...</p>\n\n<a href=\"https://seekingalpha.com/news/4155747-us-wheat-futures-jump-to-four-month-high-as-russias-wheat-crop-suffers-from-drought\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. wheat futures jump to four-month high as Russia's wheat crop suffers from drought</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. wheat futures jump to four-month high as Russia's wheat crop suffers from drought\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-03 04:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4155747-us-wheat-futures-jump-to-four-month-high-as-russias-wheat-crop-suffers-from-drought><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. wheat futures settled above the $6 per bushel level for the first time since June on Wednesday, fueled by increased concerns about drought conditions in Russia and tightening Black Sea supplies. ...</p>\n\n<a href=\"https://seekingalpha.com/news/4155747-us-wheat-futures-jump-to-four-month-high-as-russias-wheat-crop-suffers-from-drought\">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":"SOYB","symbol_name":"Teucrium Soybean Fund","start_time":0,"source_url":"https://seekingalpha.com/news/4155747-us-wheat-futures-jump-to-four-month-high-as-russias-wheat-crop-suffers-from-drought","article_id":"2472686430","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1287023243/image_1287023243.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472686430","pubTimestamp":1727902540,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"U.S. wheat futures settled above the $6 per bushel level for the first time since June on Wednesday, fueled by increased concerns about drought conditions in Russia and tightening Black Sea supplies. CBOT wheat led grains higher following another declaration of a state of emergency by Russian crop-growing regions, the latest in Oryol, a region said to be Russia's 10th largest growing region; other regions, such as Voronezh, also have declared states of emergency, all due to dire drought conditions from lack of rainfall. Australian wheat is also coping with drought issues, which supported futures throughout the day. CBOT wheat  for December delivery settled +2.4% to $6.13 1/4 per bushel, while December corn  closed +0.6% to $4.31 1/2 per bushel and November soybeans  finished -0.2% at $10.55 1/4 per bushel. ETFs: , , , ,  Rising worries about war in the Middle East have lifted energy futures in the past two days, which also helped boost corn since it is the primary ingredient in U.S. et","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOYB":"Teucrium Soybean Fund","CORN":"Teucrium Corn Fund","WEAT":"Teucrium Wheat Fund"},"translate_title":"俄罗斯小麦作物遭遇干旱，美国小麦期货跃升至四个月高位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CORN":0.9,"SOYB":0.9,"WEAT":0.9},"content_text":"U.S. wheat futures settled above the $6 per bushel level for the first time since June on Wednesday, fueled by increased concerns about drought conditions in Russia and tightening Black Sea supplies. CBOT wheat led grains higher following another declaration of a state of emergency by Russian crop-growing regions, the latest in Oryol, a region said to be Russia's 10th largest growing region; other regions, such as Voronezh, also have declared states of emergency, all due to dire drought conditions from lack of rainfall. Australian wheat is also coping with drought issues, which supported futures throughout the day. CBOT wheat (W_1:COM) for December delivery settled +2.4% to $6.13 1/4 per bushel, while December corn (C_1:COM) closed +0.6% to $4.31 1/2 per bushel and November soybeans (S_1:COM) finished -0.2% at $10.55 1/4 per bushel. ETFs: (NYSEARCA:WEAT), (NYSEARCA:CORN), (NYSEARCA:SOYB), (DBA), (MOO) Rising worries about war in the Middle East have lifted energy futures in the past two days, which also helped boost corn since it is the primary ingredient in U.S. ethanol production. Soybean traders, meanwhile, are said to be focused on rainfall in Brazilian growing areas, as dryness makes it difficult for Brazilian farmers to plant soybean crops.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"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":"4.29.1","shortVersion":"4.29.1","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/2472686430"}