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,…
US Wheat Ends Sharply Higher; HRW Ratings Stay Low: US wheat futures ended higher, with KC continuing to gain on Chicago. Nationally, US winter wheat ratings were up 2% to 43% GD/EX. However, this is still well below last year & average. GD/EX in OK was up 23% to 34% GD/EX, while ratings in TX,…
US Wheat Ends Mixed; EU Market Resumes Uptrend: Dec CBOT wheat ended 5 cents lower. Other contracts ended near unchanged. Wheat-specific new is lacking but world cash markets remain firm. EU futures have been unwilling to break as domestic and export demand there looks to improve in the months ahead. Fundamental focus will be centered…
Global Wheat Markets End Mixed; Russian Forecast Trends Drier: US wheat futures ended steady to weaker, with KC continuing to gain on Chicago. EU futures ended stronger amid a weak euro and as the nearby Black Sea weather forecast now keeps meaningful precip isolated to Ukraine. The graphic below shows today’s change in the EU…
Global Wheat Values Weaken; Cash Market Most Important Amid Improving Black Sea Weather: US wheat futures ended lower along with all other equity and raw material markets. A stronger US dollar was bearish. EU and Black Sea cash fob offers fell $3-4/MT amid buyers that pulled back on their bids. The arrival of needed rainfall…
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