Wheat extends rally with weather and war risks in focus
Corn futures bolstered by wheat rally, strength in oil market
Soy pressured by possible European anti-deforestation law delay
Brazilian rain forecast also weighs on soybean futures
New throughout with latest prices; adds bullets, quotes, byline; changes dateline, previous PARIS/CANBERRA
By P.J. Huffstutter
CHICAGO, Oct 2 (Reuters) -Chicago Board of Trade wheat futures rose further on Wednesday, setting a new 3-1/2-month high, as concern grew about drought in Russia while a drone attack on a Ukrainian river port kept attention on war risks.
Corn prices also extended gains to a fresh three-month peak, supported by wheat and strength in the oil market after an Iranian missile attack on Israel. O/R
Soybean futures turned lower on outlooks for beneficial rains next week in northern Brazil's soy belt, and news that the European Commission proposed delaying new anti-deforestation rules that analysts said have helped bolster demand for U.S. soymeal over South American supplies in recent days.
The European Commission on Wednesday said it would propose to delay implementation of its policy to fight deforestation by a year, following calls from industries and countries to do so.
The most-active CBOT corn contract Cv1 was up 1.11% to $4.33-3/4 a bushel at 1542 GMT, after hitting $4.34-1/4 a bushel, the highest since June 28.
Soybeans Sv1 were down 0.38% to $10.53-1/4 a bushel. Wheat futures jumped 2.71% at $6.15-1/4 a bushel, after touching $6.17-1/4, the highest since June 14.
Russia's weather forecast agency said on Wednesday that drought conditions for winter crops in some key producing regions were "worse than usual" in October.
While a western stretch of the Black Sea region has received significant rainfall, much of Russia's winter wheat belt has stayed dry - fuelling market talk that Russia may restrict its exports later this season.
Analysts also have downgraded expectations for Australia's upcoming harvest by well over a million tons due to lack of rainfall and widespread frost.
"The wheat market is so fragile right now, that all of these things are building up and the volatility is starting to really show in the market," said Karl Setzer, partner at Consus Ag Consulting.
Additional reporting by Julie Ingwersen in Chicago, Gus Trompiz in Paris and Peter Hobson in Canberra; Editing by Rashmi Aich, Sumana Nandy, Elaine Hardcastle, Alexandra Hudson
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
