** CBOT Wheat Ends Flat in Weak Volume; Fresh News Absent: US wheat futures ended unchanged. Actual rainfall totals and coverage in the Black Sea will be monitored closely over the next 10 days. Lite rain will dot the Black Sea into early next week but the bulk of coming precip is forecast to fall…
** CBOT Wheat Ends Firm; Crop Rating Improves: US wheat and world wheat futures ended steady. Spot EU/Black Sea cash prices remain firm as Russia’s interior wheat & flour prices remain perched at all-time highs. New crop wheat is steeply discounted to spot, but quotes for Jul-Aug in Europe and the Black Sea are unchanged…
** CBOT Wheat Futures Resume Correction on Improved World Weather: July CBOT wheat ended 9 cents lower on a lack of bullish input. Decent rain continues to fall across Western Europe, with 48-hour accumulation ranging from .50-.90” across France and Germany. The EU and GFS models remain in agreement that soaking rain moves into the…
** US Wheat Futures Recover from Chart-Based Support: Wheat futures ended higher. Old crop US export sales were better than expected at 17 Mil Bu – the largest in five weeks – and EU futures found a bid on rumored North African demand. July KC managed to stay above its 50- and 100-day moving averages,…
** Wheat Falls Sharply as EU/Black Sea Yield Potential Improves: US and European wheat futures ended weak. The EU and GFS models continue to trend wetter, not drier, in key parts of Europe, Ukraine and S Russia. Rain is falling currently across W Europe. This system moves eastward into the Black Sea next week. The…
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