Wheat Futures Correct on March Options Expiration; EU Market Rises to new highs on Lack of Cash Supply: CBOT wheat futures ended 5-10 cents lower on futures selling related to March options expiration. Other new is lacking. US export sales of 15 Mil Bu was within trade expectations and lacluster. ARC cautions against chasing this…
Wheat Futures Soar on US Winterkill Concern; Russian Cash Trade Nonexistent: US wheat futures ended sharply higher amid rising global supply concerns and a complete lack of Black Sea cash trade. The USDA’s chief meteorologist painted a grim picture of crop potential in TX/OK following record cold while bitterly cold temps arrive in Ukraine/Russia this…
Wheat Futures Correct on Limited News; US Market Fairly Priced: US wheat futures ended weaker on profit taking and as fresh demand news was absent. The lack of Russian cash trade is preventing exporters from adding to sales commitments. ARC’s contacts also suggest that Russian grain stocks near export terminals have been depleted following record…
US Wheat Futures Surge on Winterkill Worry; World Markets Add Premium: European wheat futures ended higher on Monday/Tuesday and the US market on Tuesday reacted to the lack of snow cover across pockets of KS, OK, TX and CO. Tuesday morning’s minimum temps were 10-20 degrees below zero. Stress will not be quantified, but it…
US Wheat Futures End Firm on Frigid Plains Temps; Russian Cash Market Weakens: US wheat futures ended steady to 6 cents higher. The late-session charge was led by KC contracts amid limited snow cover across W KS, E CO and the TX/OK panhandles – while temps on Friday in the low single digits were widespread.…
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