CBOT Wheat Ends Lower on Hope or UN/Russian Corridor Talks; Other Input Stays Bullish: Wheat futures ended sharply lower, and there will be no small price moving forward as the trade contends with either regional shortages or adequate supplies daily. There’s talk that the UN and Turkey are scrambling to negotiate with Russia to reimplement…
CBOT Wheat Touches 200-Day Moving Average, Ends Firm; Weather/Food Security Leans Bullish: Wheat futures ended steady to higher but were unable to break through chart-based resistance at $7.52 basis September Chicago. However, corrections moving forward will be technical as India’s move to strip some 15-17 MMTs of rice from the world market (export ban) and…
US, EU Wheat Rallies 17-55 Cents; War to Disrupt Black Sea Exports: Wheat futures worldwide ended sharply higher on Wednesday a second night of Russian attacks in southern Ukraine was followed by Russian threats to any non-friendly vessels sailing in the Black Sea. This confirms the corridor has been eliminated and also indicates war will…
Wheat Recovers on Renewed Threat to US Corn Yield; EU Market Shrugs Off Harvest: Wheat futures in the US and Europe ended steady to higher. Paris milling wheat contracts this week have been firm despite strength in the euro, large existing stocks and the looming harvest. US contracts are adding premium as a lengthy pattern…
Wheat Corrects as Funds Sell Official Termination of Export Corridor; US Spring Wheat Ratings Improve: US wheat futures ended weaker, led by KC, while the European market shrugged off strength in the euro and weakness in the US dollar. The market was prepped for Russia to exit the grain deal and a classic “buy the…
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?
