World Wheat Futures Mixed; EU Market Struggles amid weak Export Demand: Global wheat markets were steady to lower, with weakness centered on Paris futures. That market continues to probe for spring/early summer export demand amid building stocks. ARC estimates EU wheat exports in February at 880,000 MTs vs. 2.6 MMTs in February of 2021. Final…
World Wheat Markets Collapse on Russian Troop Downgrade; Geopolitical Risks Stay Elevated: World wheat futures remain plagued by extreme volatilty and the willingness to build new large long positions is in rapid retreat. Russia decreased its military presence in Belaurus by 10,000 troops, but otherwise whether invasion occurs remains unknowable. This week’s action demonstates the…
US Wheat Follows EU Market Higher; Black Sea Tensions Rise; Droughts Worsen in US Plains, North Africa: World wheat futures rallied on Monday as the trade preps for a disruption in Black Sea grain flows. Putin’s next move remains unknowable, but it’s possible the Russian government on Wednesday opts to void the Minsk agreement established…
Wheat Futures Soar; Plains Climate Needs Close Monitoring: World wheat futures ended sharply higher on Friday as chart-based support held this week and as international markets’ concern over Black Sea logistics rises further. The initial risk to rising NATO-Russian tensions is not all-out military conflict, but rather the slowing of physical grain shipments in late…
Wheat Corrects on Lack of Market-Specific Input; Seasonal Trends Turn Flat: Spot US wheat futures ended 13-16 cents lower amid weakness in row crops and fresh news remains lacking. Black Sea geopolitical tensions are rising, not falling, but it’s clear the global cash market must see evidence of slowing grain flows there before adding premium.…
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