Prices rose on the produce markets on Friday. In Chicago, wheat went up by 1.6 percent, corn by 2.7 percent, soybeans by 1.7 percent, and canola by 0.3 percent, compared to the previous day. In Europe, the course of mill wheat, rapeseed, and fodder wheat also closed in surplus, while the price of corn decreased in June, but rose in price in August.
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Prices rose on the produce markets on Friday. In Chicago, wheat went up by 1.6 percent, corn by 2.7 percent, soybeans by 1.7 percent, and canola by 0.3 percent, compared to the previous day. In Europe, the course of mill wheat, rapeseed and fodder wheat also closed in surplus, while the price of corn decreased in June, but rose in price in August. Drought in the US Midwest was the main driver of pre-weekend trading” The Brock Report reported. The forecast doesn't offer much relief in the form of rain, but importantly, World Weather Inc. sees a cooler trend after early next week, at least limiting further dry spells. According to Naomi Blohm, senior market consultant at Total Farm Marketing, trading will start next week based on the Sunday evening weather forecast. According to Arlan Suderman, chief commodity economist at StoneX, the live cattle market has caught up with the cash market. "Industry talk is that packers may slow supply chain speeds and curb the cash market next ...
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