Wheat Ends Firm; US Crop Health Erodes as Dormancy Nears: US and world futures and cash prices ended firm, but little changed. The market will take its cues over the next several months from neighboring corn and soy markets. South American weather will have an indirect impact on global wheat supply and demand as ARC’s…
US & World Wheat Markets End Week Flat; Lack of Market Input Produces Range: US and world wheat futures ended the day and week little changed. Wheat-specific news remains lacking and the market in the US and elsewhere will take guidance from neighboring row crop markets. World cash markets remain firm at $250-260/MT. This suggests…
US Wheat Futures End Lower; Break Led by KC Futures: US/world wheat futures settled lower as needed rain will fall across Southern Plains late in the weekend. Recall managed fund length in KC on Nov 10th reach a 2-year high 47,000 contracts. ARC estimates that since last Tuesday funds have sold a net 7,000 contracts.…
US Wheat Futures Recover on Rising Global Corn Price; US Premium to Other Origins Narrowing: US wheat futures rallied 2-6 cents/Bu led by spot KC. ARC detailed in today’s wire that Gulf HRW for late winter delivery is priced at just a $1/MT premium to comparable EU supply. EU wheat will not be getting cheaper.…
US Wheat Futures Struggle on Eroding Aussie Market; Russian Wheat End Users Lobbying for Stricter Export Controls: US wheat futures ended weaker. Northern Hemisphere cash market are unmoved, which suggests adequate demand is being found by Black Sea exporters. But it’s clear the Aussie market has moved to boost its share of Asian trade. Spot…
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