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GRAINS-Corn extends run to five-year high as market frets over hot spell

* Most active CBOT corn futures at five-year high of $4.64-3/4 * Hot, dry spell adds to U.S. corn worries after spring deluge * Wheat at two-week high, supported by corn and USDA supply estimates * Soybeans hit more than one-year high (Updates with European trading, changes byline/dateline) By Gus Trompiz and Colin Packham PARIS/SYDNEY, July 15 (Reuters) - Chicago corn extended gains on Monday to touch a five-year high as more hot weather forecast for the U.S. Midwest failed to ease concern about stress to already fragile crops after a rain-plagued planting season. Corn gave up some of its gains, however, as forecasts also predicted some rain in the Midwest this week and traders awaited a weekly U.S. Department of Agriculture crop report for an update on corn conditions. Wheat edged to a two-week high, drawing support from corn as well as downward revisions to world wheat supply in monthly USDA estimates published last week. Soybeans slipped lower after touching a one-year high as traders weighed up risks for late-planted U.S. soybeans in the face of hot weather. The most active corn futures on the Chicago Board of Trade were up 0.5% at $4.61-3/4 a bushel at 1126 GMT, having earlier hit $4.64-3/4, the highest since June 2014 on a continuation chart. But the most-active reference stayed below contract highs of last month on individual September and December delivery positions. "It's too hot and the market is weighing up the very real prospect of supply issues," said National Australia Bank agribusiness economist Phin Ziebell. After initially being seen as beneficial in drying out waterlogged fields and boosting plant growth, a recent warm, dry spell has fuelled worries that crops could be damaged during crucial pollination stages. The USDA will issue its weekly crop progress report after Monday's market close in Chicago. Traders largely shrugged off the USDA's forecast for U.S.corn production in its monthly supply and demand report on July 11, holding out for a follow-up survey of plantings by the agency after its previous acreage estimates were viewed as too high for corn and too low for soybeans. "The market will continue to focus on weather maps until they get a better idea of what will be expected on next month's USDA report," brokerage Allendale said in a note. The most active CBOT wheat futures ticked up 0.1% to $5.23-1/2 a bushel after earlier touching their highest in more than two weeks at $5.31-1/2. The most active CBOT soybeans futures were down 0.2% at $9.29-1/4 a bushel, off a $9.36-1/2 session peak that was its highest since June 2018. Weather risks for soybean crops in the Midwest were being weighed against demand concerns against the backdrop of a long-running U.S.-Chinese trade dispute and pig disease in China. China produced 24.7 million tonnes of pork in the first six months of 2019, down 5.5% from a year earlier, according to figures from the National Bureau of Statistics, amid a severe swine fever epidemic. Prices at 1126 GMT Last Change Pct End Ytd Pct Move 2018 Move CBOT wheat 523.50 0.50 0.10 503.25 4.02 CBOT corn 461.75 2.50 0.54 375.00 23.13 CBOT soy 929.25 -2.25 -0.24 895.00 3.83 Paris wheat Sep 178.25 0.00 0.00 190.50 -6.43 Paris maize Aug 178.25 0.25 0.14 187.25 -4.81 Paris rape Aug 371.25 1.00 0.27 362.25 2.48 WTI crude oil 60.40 0.19 0.32 45.41 33.01 Euro/dlr 1.13 0.00 0.06 1.1469 -1.68 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Gus Trompiz in Paris and Colin Packham in Sydney Editing by David Goodman)

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