Wheat Market Insights: Hot Weather and Strong Demand Drive Future Rise

wheat future rise Amid hot weather and strong Demand

soy future proverb a rebuff addition overnight due to sign of demand and the anticipation of hot weather in the Midwest . The Department of Agriculture report significant gross_sales of soy , corn , and soy meal to assorted state , include China , Mexico , and Vietnam . hot weather is expect to hit parts of the Corn Belt , include state like Iowa , Wisconsin , and Missouri , with triple - digit heat index forecast . While Iowa remains drought - free , some parts of the state are experience abnormally dry conditions.

Illinois is also facing abnormally dry conditions , although the percentage of the state affect has decrease from earlier in the year . Both Iowa and Illinois are major manufacturer of corn and soy in the U.S. In the future market , soy monetary_value rose , while corn and wheat future also experience some fluctuations.

corn and soy gross_sales hit season low as selling year approach End

As the 2023 - 2024 selling year semen to a stopping_point , corn and soy gross_sales for export have drop to a season low . The Ag Department report a decrease in corn gross_sales , with Japan being the large buyer . soy gross_sales for the selling year also hit a low , with some cancellation and shift affect the overall Numbers . gross_sales for the following selling year have show an addition , supply some optimism for the future.

wheat gross_sales , on the other hand , have see a boost , with significant purchase from state like the Philippines , Mexico , and Vietnam . Despite some fluctuation in export Numbers , the overall tendency look positive for wheat gross_sales in the approach weeks.

thunderstorm and hot weather forecast in Midwest Region

The National Weather Service has publish warning for thunderstorm in parts of Kansas and Missouri , with lightning being the primary concern . Additionally , hot weather is expect in Western and central Missouri , with heat index reach up to 100 degree Fahrenheit . similar conditions are project for northeastern Iowa and Southwestern Wisconsin , with temperature expect to extremum on Monday . These weather conditions could rich_person deduction for crop production and farming activity in the region.