Precipitation is down in the Dakotas and Montana and scorching weather in the forecast is “only going to exacerbate conditions,” says a meteorologist. | File photo

Spring wheat futures sizzle as U.S. crop fries

As temperatures soar into the mid 30s C in the already dry U.S. northern Plains this week, spring wheat futures boiled over with the strongest rally in about six years. The last major jump in spring wheat futures was in the second half of 2010 and early 2011, when prices rose from $5 per bu. […] Read more

Spring wheat futures soaring

Spring wheat futures topped US$8 per bushel July 3, reaching levels not seen since 2013. The Minneapolis September contract has gained more than $2.50 per bu. in about six weeks. A bullish U.S. Department of Agriculture acreage report, released June 30, pushed futures prices for spring wheat and most crops higher. However, the real driver […] Read more