Wheat Falls Sharply on Demand Concerns, Weaker Russian Offers: Wheat futures in the US and Europe ended sharply lower as Russian wheat for old and new crop delivery is buyable at $230-240/MT – new seasonal lows. Russia and Europe will be well supplied in the near term as large stocks collide with seasonally weak demand…
Wheat Ends Mixed With KC & MGE Futures Higher and SRW Nearly Unchanged: KC wheat futures were down 1 cent to 8 cents higher at the close. Similarly, MGE futures rose 7-8 cents. The CME’s SRW contracts were nearly unchanged to up 2 cents at the close. Rain in the Plains and expectations that old-crop…
Wheat Ends Sharply Lower in Back-and-Forth Trade; Large Old Crop EU/Russian Stocks Keep Cash Price Stable: Wheat futures ended sharply lower in a reversal of yesterday. US wheat futures are trying to balance out large old crop stocks and the need of expelled Russian exporters to sell stocks prior to June. Funds were sellers of…
Wheat Ends Sharply Higher; Sizable Fund Short Collides with World Weather Concern: Wheat futures ended sharply higher in the US and Europe. Tuesday’s specific catalyst is difficult to finger, but weather in large parts of Russia remains threatening, net soil moisture loss will be ongoing in large parts of Canada, and a new threat is…
US Wheat Ends Firm; Minneapolis Contracts Lead on Sluggish Planting: Wheat futures ended steady to higher on Monday in sympathy with row crops. US spring wheat seeding is just 64% planted vs. 73% on average with progress in North Dakota only 48% complete. Some measure of acreage loss is anticipated, and it’s critical that even…
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