US Wheat Futures End Mixed; No Sign of Needed Precip for Europe: KC futures fell to new seasonal lows while CBOT futures ended firm. The EU and GFS models maintain rain chances across SE Russia on the weekend. But the whole of Western Europe will stay arid into the opening days of June. Lacking import…
CBOT Wheat Ends Weaker; Ongoing Dryness in Europe a Concern: US wheat futures ended slightly lower. The EU/GFS models are in broad agreement that dryness will continue across much of Europe and at times, will include SE Russia. ARC’s primary concern is the complete lack of precip forecast in the UK, France, Germany and Poland…
CBOT Wheat Ends Slightly Lower; Critical Weather Ahead for Europe/Black Sea: US wheat futures ended mixed but little changed. Paris milling wheat ended €1.50-1.75/MT higher as weather premium continues to be added amid the return of lasting dryness to France, Germany, Poland and the UK. EU/Black Sea weather is now critical with yield loss or…
CBOT Wheat Ends Flat; European Dryness Battles Lack of Demand: US wheat futures ended steady to lower in a session lacking fresh input. Dryness across Northern Europe and Southern Russia is noted and on the margin will reduce exporter production without a pattern change in the near-term. Paris milling wheat futures ended $.04/Bu higher. However,…
** July KC Falls Below All Chart-Based Support: US wheat futures ended shaprly lower, with July KC settling below its 200-day moving average for the first time since mid-March. Next support rests at $4.35-4.40 July Chi. A test of this is probable just ahead of harvest and as the US needs to find new crop…
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