** CBOT Wheat Rises on Confirmation of China Buying of French Wheat: US wheat futures posted mild gains on Friday. With Phase 1 of the trade deal with China expected to go into effect at the middle of the month the trade is making note of recent Chinese buying of French origin wheat – as…
** CBOT Wheat Slumps as US Missed China Buying: US wheat futures came under pressure as traders take stock of the demand outlook. Talk that China has secured 8-12 cargos of French wheat didn’t help the bulls’ case today. Neither did weakening SRW values both at the Gulf and the Interior. While US wheat offers…
** CBOT Wheat Follows EU Higher; Russian Wheat Looking for Demand: US wheat futures ended modestly higher but world prices are beginning to diverge. Matif futures in Paris ended $.10/Bu higher as strong EU export demand is ongoing. Cash prices in Europe are firm. However, spot Russian fob offers have fallen to $224/MT, vs. $226…
** CBOT Wheat Rallies Slightly; World Weather Patterns Cap Rally: US futures ended slightly higher. Today’s surge in macro markets and a massive injection of capital into China’s financial system is beginning to ease longer term concerns surrounding the economic impact of coronavirus. Yet, wheat-specific news is lacking. Needed boosts in soil moisture lie ahead…
** US Wheat Ends Steady to Lower; World Market Continues Correction: CBOT wheat futures ended mixed. March ended fractionally higher and March’s premium to May remains firm at 1.5 cents. EU wheat futures ended weaker. CBOT futures in recent sessions have corrected sharply as nearby Chinese demand is debated. The spread of coronavirus won’t help…
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