World Wheat Markets End Sharply Higher; No Relief Offered to North American, Russian/Canadian Spring Wheat Crops: US and European wheat futures ended sharply higher on Wednesday. Breaking news is absent, but the N Hemisphere spring wheat crop health continues to erode, while major importer interest for autumn supplies is on the rise. The wheat outlook…
World Wheat Markets End Flat; Egypt Buys EU/Ukrainian Origin; Turkey Returns to Marketplace in Early August: US and European wheat futures ended near unchanged on Tuesday. Midday weakness in corn and soy was noted. AgResource’s work maintains that downside risk is severely limited as importers begin to extend forward coverage and as Russian yields/production declines.…
CBT Wheat Ends Weak but Uncovers Support at Moving Average; Egypt Returns for late September Supplies: US wheat futures ended weaker despite turnarounds in neighboring row crop markets. AgResource’s bet is that today marked the third and final day of speculative liquidation. World cash and futures markets were steady/higher on Monday. North American spring wheat…
CBT Wheat Extends Correction on Weak Row Crops; World Market Firms; Canadian Drought to Worsen Next 14 Days: US wheat futures ended 13-16 cents lower amid limited fresh news and broad-based ag market selling. ARC limited fundamental input as positive as world fob markets confirm that lows were set in June. Spot Russian fob wheat…
Some US Wheat Futures Down Sharply Following Corn and Soybeans. CME wheat futures lost 2.6% while KC was down 2.2%. MGE wheat futures was the exception closing at $9.04, up 7 cents. Wheat exports were the star this week in the Export Sales Report. Net sales of 473,200 metric tons (MT) for 2021/2022 were up…
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