World Wheat Firms; Funds Estimated to Be Short Ahead of Growing Season: CBOT wheat futures followed corn to modest gains. Paris milling wheat futures ended similarly higher. The global cash market has fallen on seasonally slow import demand. Yet, EU wheat stocks will be record low. Some measure of attention is developing due to drought…
World Wheat Market Extends Decline; US Export Demand to Slow: US wheat futures ended sharply lower, with May CBOT down $.16/Bu on the week and May KC down $.19. The return of positive Plain’s soil moisture anomalies is noted. Global cash fob offers continue to ease, which bodes poorly for any boost in late-season US…
US Wheat Futures End Weak on Eroding World Cash Market; US Domestic Demand Potential Rising: US wheat futures ended 5-10 cents lower. World markets continue to weaken amid seasonally slow importer demand and as steep discounts are available in new crop EU values. A break in spot world cash values in Mar-April is not unusual,…
US Wheat Futures Score Spring Low; Concern over Russian Production, Exports Linger: US wheat futures ended higher, led by Chicago despite favorable Plains weather. ARC has detailed that nearby rallies struggle without weather issues, but the longer-term outlook is bullish via record global consumption – which rises further during the 2021/22 crop year. Paris milling…
US Wheat Futures End Mixed; KC Sheds Extra Weather Premium: CBOT wheat ended firm; KC futures fell 6-7 cents as additional precip aids the HRW Belt this week. Rainfall of .25-1.00” has been recorded across E CO/NW KS in the last 24 hours. This system moves eastward over the next 48 hours. Plains crop ratings…
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