US Wheat Futures End Weaker; EU Market Rising to Slow Exports: CBOT wheat futures ended slightly weaker. Market-specific news was absent, and the USDA is not expected to materially change US/world wheat Supply & Demand forecasts on Tuesday. Wheat will follow corn nearby. Strong Northern Hemisphere cash markets and concern over drought in Russia and…
US Wheat Futures End Weak; World Market Ends Steady/Higher: CBOT wheat futures 2-8 cents lower, with calendar spreads widening. Basis in key locations remain weak. Spot SRW basis in Toledo remains $.20/Bu below Dec CBOT. Spot HRW basis in Hutchinson is $.20-.36 below Dec KC. Deliveries against Dec are possible. However, firm and rising world…
World Wheat Market Rally Resumes; Egypt Buys Russian Wheat: US and world wheat markets ended higher. Concern over the arrival of freezing temps in the Black Sea was widely discussed. Importer interest remains stout despite elevated prices. Egypt secured 300,000 MTs of Russian wheat an average fob price of $262/MT, down only $1.75 from its…
US Wheat Futures Recover from Overnight Losses; Weather Stays Concerning: The US and world wheat markets will lose interest in N Hemisphere weather patterns once winter arrives, but outlooks in the US and Russian are concerning into the arrival of winter dormancy. Drought resumes in SW Russia. The US forecast has abruptly shifted next week’s…
World Wheat Futures End Firm; Southern Hemisphere Cash Markets Elevated: Spot CBOT wheat ended 1 cent higher. Spot KC rallied 5 cents – despite heavy rain due across the E Plains early next week. EU and Black Sea futures ended fractionally higher. All eyes will be on currency fluctuations through the balance of the week,…
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?
