CBOT Wheat Recovers as World Cash Market is Unwilling to Break: US wheat futures shrugged off overnight losses as cash prices in the Black Sea and Europe have been unmoved by the CBOT’s break. Managed funds as of Nov 10 trimmed their net length by 16,000 contracts (33%) to 33,000 contracts. ARC estimates that since…
CBOT Wheat Recovers as World Cash Market Stays Firm; Pace of Argentine Exports Uncertain: US and world wheat futures recovered to end the week. Dec CBOT wheat’s premium to corn bounced off a longer-term uptrend line. Northern Hemisphere cash wheat is elevated despite looming competition from Australia and Russia’s uneventful Feb-Jun export quota. Wheat is…
CBOT Wheat Extends Correction; World Cash Market Follows: US wheat futures ended 6-12 cents lower amid fund profit taking. EU and Black Sea futures and cash prices also ended modestly weaker as Russia’s Feb-Jun quota system will not disrupt global wheat trade flows. German, Argentine and Russian markets are vying for position as the world’s…
Wheat Ends Lower on Generous Russian Export Quota: CBOT wheat futures fell 10-11 as news broke that Russia would allow wheat exports of 15 MMTs between Feb 15th and June 30th. World markets ended steady to higher, with Gulf HRW’s premium to Russian origin narrowing to just $10/MT. This compares to $22/MT 30 days ago.…
The major wheat exporter balance sheet lacked significant change, but it did tighten on the margin. Production in Argentina was lowered 1 MMTs following severe dryness in October. EU production was lowered 200,000 MTs. EU wheat feed demand was lifted 1 MMT amid the lack of an available corn supply. The major exporter wheat stocks/use…
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?
