US Wheat Ends Lower but Performs Best of Major Ag Markets; Spot EU finds Fresh Seasonal High: US wheat futures ended modestly lower as selling was forced via strength in US dollar and as liquidation was spread across all raw materials. However, wheat remains the most bullish of the major ag markets as high quality…
US Futures End Firm on Recovery in EU Wheat; Egypt Pays 6-Year High Price: US and world wheat futures ended steady to higher, with spot Paris milling wheat surging $.30 per bushel. Strength in EU futures is a symptom of rapidly declining milling wheat supplies in Europe/Black Sea – due to disappointing yields in Russia…
Global Profit Taking Sends Wheat Lower; Paris Milling Wheat Overbought: US and world wheat futures ended sharply lower amid widespread speculative profit-taking. Interior Russian prices have rallied in tandem with global futures to a level that’s sparked some measure of producer selling. Wheat was technically overbought and a correction from 8.5-year high is viewed as…
World Wheat Market Corrects; Trades Eye Importer Demand Trends: US wheat futures ended steady to slightly weaker. December Paris milling wheat fell €2.25 per ton ($.07 per bushel). Markets worldwide are overbought and periodic profit taking can be expected at 8.5-year highs. Algeria closes a tender for autumn delivery on Tuesday. Morocco returns to the…
Wheat Market Surges in EU Market; Importer Response to Price Key: US wheat futures ended 1-10 cents higher on Friday led by spring wheat contracts. Market strength was a function of international markets reacting to record exporter stocks/use with September milling wheat in Paris rallying €9.50/MT. Wheat does have a major milling quality supply problem,…
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?
