big moves for grains in coming weeks!

Grain prices were in big moves last week. Higher prices are expected in coming weeks for corn, rice and soybeans!

That will push potash prices higher!

The heavy rain and flooding in the US Midwest and south looks like continuing, three of China's main rice growing areas are facing an expanding drought that is already impacting yields and growing. This is after drought hit
the wheat and soybean crops.

And France is suffering under drought with 42 of the country's 92 mainland departments imposing water use bans or restrictions.

And the dry weather is hurting parts of Germany and the US as well.

Bloomberg reported that Chicago Board of Trade corn futures for July delivery rose 11.25 US cents, or 1.5%, to settle at $US7.595 a bushel on Friday. Prices jumped 11% last week, the biggest weekly rise since last October.

Chicago soybean futures for July delivery rose 0.75% to settle at $US13.8025 a bushel. Prices rose 3.8% last week, the biggest gain in nearly five months.

And Chicago wheat prices fell 0.7% on Friday to $US8.065 a bushel. That left pries with an 11% gain last week, the biggest jump for six months.