Wheat producers in Rio Grande do Sul concluded planting this Thursday, 08/18, with an advance of 1 percentage point in the week, after delays in relation to previous years, showed data from the technical assistance and rural extension company Emater- LOL.
The severe drought is expected to reduce the European Union's corn harvest by 10 million tonnes, falling to a 15-year low of 55.4 million tonnes, consultancy Strategie Grains said in its monthly forecast on Thursday.
Soybeans have their biggest weekly gain in 22 years in Chicago trading as forecasts of hot, dry weather in the US Midwest heightened supply concerns, while strong demand for soybean meal added support to the market.
Indian wheat prices jumped to a record despite an export ban amid strong demand and dwindling supply from a heatwave-hitted crop.
