** Wheat Futures End Lower on Fund Selling: US wheat futures fell 7-11 cents, led by spring contracts in Minneapolis. Friday’s break is partially attributed to rising geopolitical tensions and a general risk-off mentality in world financial markets. ARC’s work suggests that the market is in the process of forming a seasonal high. EU wheat…
World Wheat Futures End Firm; Cash Markets Near Seasonal Peak?: CBOT wheat futures settled 1 cent higher. EU futures traded similarly. ARC’s research suggests that what was a sizable net short in KC has been covered entirely. Key moving forward will be the health of world trade during the winter months – and whether importers…
CBOT Wheat Ends Mixed; World Wheat Trade Showing Sign of Slowdown: CBOT wheat futures shrugged off early strength and ended unchanged. The probable signing of US/China Phase 1 on Saturday will underpin the market into the January’s USDA report. However, ARC estimates major exporter wheat shipments in December at 13.1 MMTs, down 700,000 from the…
CBOT Wheat Find New Rally High on Solid Export Sales: CBOT wheat futures rallied another 7-8 cents, with European futures following. Wheat’s chart pattern has accelerated fund buying while US export sales continue to beat the pace needed to match the USDA’s forecast – even at higher prices. US export sales through the week ending…
CBOT Wheat Rallies Through Near-Term Resistance: CBOT wheat futures ended sharply higher as March broke through a short-term downtrend line. Speculation over Chinese demand persists. A close eye will be kept on Chinese import quota announcements in the days/weeks ahead. ARC also mentions that volume was rather tepid, which allows for elevated volatility. Tight stocks…
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