* Frost threatens U.S. hard red wheat production
* Corn firms more than 1 pct
* Soybeans edges higher
By Colin Packham
SYDNEY, May 1 U.S. wheat futures rose more than
2 percent on Monday as frost across key growing regions stoked
fears of widespread production losses, pushing prices to a
The most active wheat futures on the Chicago Board Of Trade
rose as much as 2.5 percent to $4.43 a bushel, the highest
since March 10. Wheat was trading up 2.1 percent at $4.41-1/4 a
bushel by 0017 GMT, after rising 0.2 percent on Friday.
"With frost through Kansas, Colorado and even stretching
through to Oklahoma, the market is concerned about how much of
the crop has been damaged," said Andrew Woodhouse, grains
analyst at Advance Trading Australasia.
Frost threatens rapidly maturing hard red winter wheat
crops, with Kansas the biggest producing state in the United
The cold weather in the U.S. adds to a spate of unfavourable
weather that threatens to curtail global production.
Farming agency FranceAgriMer on Friday reported a sharp
decline in crop conditions for wheat, with the amount of soft
wheat rated good/excellent falling to 78 percent from 85 percent
in the week to April 24.
The most active corn futures rose 1.3 percent to
$3.71-1/4 a bushel, having closed down 0.8 percent in the
The most active soybean futures rose 0.4 percent to
$9.60-1/2 a bushel, having closed down 0.1 percent on Friday.
Grains prices at 0017 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 441.25 9.00 +2.08% +2.32% 438.43 65
CBOT corn 371.25 4.75 +1.30% +0.54% 368.18 52
CBOT soy 960.50 4.25 +0.44% +0.34% 968.12 47
CBOT rice 9.51 $0.09 +0.96% +0.85% $10.13 8
WTI crude 49.20 -$0.13 -0.26% +0.47% $50.21 34
Euro/dlr $1.090 $0.001 +0.06% +0.28%
USD/AUD 0.7485 0.000 +0.01% +0.32%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; Editing by Richard Pullin)