Warm Weather in Australia's Top Grain State Raises Crop Concerns

Persistent dry weather in parts of Western Australia has raised concerns over the outlook for the upcoming season as crop planting continues, according to a monthly industry report.

BNN BloombergMay 10 00:40 ET

Weather, market sentiment, growing regions, who dominated the agricultural products market in the second quarter?

Weekly overview of this week's price changes Over the past week, CBOT agricultural product prices have basically fluctuated in the range, but soybean oil prices have declined. The USDA report for April is in line with market expectations, with minimal volatility, as people now pay more attention to planting progress and weather effects. We are entering the so-called weather market, and long-term pricing for commodities will largely depend on weather forecasts and actual conditions in key growing regions. The importance of this stage has been amplified by the current tight balance between supply and demand for various crops, limiting the margin of error when weather adversely affects yield. This situation has exacerbated the price pair

CME GroupApr 15 22:37 ET