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With the hottest temperatures of the summer season developing across the Midwest, August soybean futures finished the week 13 cents higher at the CBOT. Better basis values also bolstered flat-price bids for SRW wheat, with premiums rising by an average of 2 3/4 cents throughout the U. Overall, September CBOT futures ended 1 1/2 cents higher, largely influenced by a turn toward warmer weather in the central U. wheat purchasers during the holiday period, while Jordan scheduled a tender for wheat.

In the days when farmers relied on fire and steam to thresh their crop, wheat harvest had a communal aspect that made it neighborly and even fun. The harvest process started about two weeks ago, explained Harold, when harvesters cut the wheat into sheaves to stand and cure in the field. To revive that convivial spirit, members of the LePage family held their 9th annual old-style wheat threshing party this weekend near an ancestor's cabin off Schott Road. Although steam engines have wheels...

He cited a combination of factors, including high world markets for some products, flooding across parts of Britain and higher energy costs that were starting to affect food prices, and vegetables in particular. We've got crops ready for harvest but farmers can't get into the fields. The UK also faces a 50,000-ton pea shortage after the crop was damaged by rain, with farmers also struggling to harvest waterlogged land. He said flooding had also prevented the planting of crops such as...

The government wants the bidders for the 1 million tonne wheat import contract to reduce their prices for the bid. In October 2005, India's buffer stocks had dipped below 10 million tonnes, the first time in a decade that it fell below the level that's considered safe. However, not a single company, which submitted bids for the tender, has agreed to the demand. In May, it scrapped a tender for one million tonne as the average price of $263 per tonne was perceived to be high. The government...