Grain futures wheat grain futures are flirting with

Wheat grain futures are flirting with six-week highs as concerns over EU crop yields intensify. November delivery contracts show increased open interest, indicating that commercial hedgers expect elevated prices through Q Tuesday’s USDA quarterly stocks report will be key in providing greater insight into supply and demand over the last quarter. A Reuters survey of grain analysts shows the average estimate for Sept. 1 U.S. corn stocks, at 1.337 billion bushels, would be a four-year low and down 24% from a year earlier. However, the analysts’ collective estimate is above the 1.325 billion bushels USDA projected for 2024/25 corn ending stocks in its Sept. 12 monthly supply and demand report. CHICAGO (AP) _ Grain futures were mostly lower Friday on the Chicago Board of Trade. Dec. corn fell by 1.25 cents at $4.20 a bushel. Dec. wheat rose by 0.75 cent at $5.15 a bushel. Dec. oats fell by 1.75 cents at $2.99 a bushel. Nov. soybeans was down 4 cents at $10.17 a bushel. Grain futures sentiment indices turned positive for the first time in two months, driven by recovering export orders. Wheat and corn led the uptick, with traders moving from hedging to speculative long positions.