Wheat Ends Higher; CBOT Settles Above 20-Day Moving Average: World wheat futures ended stronger, while the Russian cash market eased slightly. Algeria is seeking optional origin wheat – very likely Russian – for October delivery. Egypt’s GASC is oddly seeking to cover the entirety of its Oct-April needs (3.8 MMTs) via a tender that closes…
Wheat Ends Mixed on Financial Market Contagion; Russian Cash Market Steady; US Spring Harvest Begins: Wheat futures recovered but ended mixed amid global economic concern/uncertainty and spring wheat harvests across the US N Plains and PNW advance. The US spring harvest is nationally 6% complete, vs. 10% on average, and should reach 50% complete by…
World Wheat Rallies on US Dollar Plunge; Winter Wheat Harvest Pressure in Seasonal Retreat: Wheat futures ended higher as the French winter harvest reached 67% complete and as the US winter harvest is projected to reach 88-90% this weekend. Recall markets worldwide tend to score lasting lows just prior to September expiration, and what’s unique…
US Wheat Futures End Higher Despite Weak Export Sales; Russian Market Stable; US Cash Market Becoming Competitive: US wheat futures ended firm, and while a neutral pattern is forecast into late August, it’s clear the bears are having trouble in pushing the market lower as winter wheat harvests worldwide surpass 50% complete. ARC reiterates seasonal…
World Wheat Futures Close higher as Black Sea Traders Digest 2024 Crop Losses as French/German Quality Reports Worsen: Wheat futures tested prior lows and bounced with Paris futures settling up €5.00/MT. Ukraine and Russian traders discussed crop losses of 21-24 MMTs of 2024 wheat broken down of 10 MMTs of Russian, 10 MMTs of EU…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
