Wheat Ends Sharply Lower Amid Lack of News; Low Volume Heightens Volatility: May CBOT wheat ended 16 cents lower on Friday. The lack of Black Sea cash market guidance continues, while air pockets should be expected above and below the marketplace. This is compounded by weak volume. Paris milling wheat futures ended just $.07/Bu lower.…
Wheat Follows Row Crops Lower; EU Farmers Expected to Reward Rally: May CBOT wheat ended 10 cents lower on weak US export sales as neighboring corn & beans markets digest improving weather in S Brazil/Argentina. Choppy trade is anticipated into spring as the market pays growing attention Northern Hemisphere weather patterns. Vegetation health in India…
CBOT Wheat Rallies to 5-Week High on Soaring EU Market: US wheat futures ended higher as spot Paris milling wheat scored a new 7.5 year high. US futures have followed Europe’s market higher. US export demand is only found on breaks, but the US futures market will follow any gains in French wheat values. Russian…
US Wheat Futures End Mixed Following Crop Update; EU Cash Advances: US wheat futures ended mixed on Tuesday, with CBOT firm and KC contracts slightly weaker following better than expected Southern Plains crop ratings. There was optimism surrounding the recovery of wheat crops hit by historic cold, but the impact will not be fully known…
World Wheat Futures Rally on Black Sea Winterkill Concern; US HRW Ratings Steady to Lower: CBOT wheat futures ended 11-14 cents higher amid rising EU cash prices and as winter crops across E Ukraine and S Russia brace bitterly cold temps. Minimum lows across Southern Russia will exist 10-20 degrees below zero Tues-Wednesday. Snow cover…
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