US Wheat Ends Mixed; Egypt Purchases Price Rallies Again: CBOT wheat futures ended mixed but little changed. World cash markets are firm following Egypt’s latest purchase. EU wheat futures ended flat. World wheat markets lack new direction following the recent recovery from seasonal lows. Egypt’s GASC secured 235,000 MTs of wheat from Romania, Ukraine and…
US Wheat Ends Lower as World Rally Pauses; Needed Rain Due in Europe: CBOT wheat futures ended 5-6 cents lower amid a lack of follow-through buying in Europe & the Black Sea. Russian cash prices are firm, but French & German origins followed the US market lower. Recall seasonal trends in Europe flatten beyond late…
US Wheat Ends Firm on Limited News, World Market Unchanged: CBOT wheat futures ended higher on some measure of concern over chilly temps across the Western Plains next week and as the world cash market is unchanged at levels comparable to $4.10-4.15, basis Dec KC. The EU and GFS model do feature snow cover of…
US Wheat Weakens as Export Slow: Russian Wheat Looks Expensive: CBOT wheat futures ended 5 cents lower as weekly export sales declined for a second consecutive week. Sales through the week ending Oct 17th totaled just 10 Mil Bu, vs. 15 Mil the prior week. A weekly average of 13 Mil is needed to meet…
US Wheat Ends Firm; Black Sea Rally Pauses: CBOT wheat futures ended slightly higher in low volume. Russian fob prices this evening are unchanged at $209-211/MT for Nov-Dec arrival. ARC discussed this evening that Russia’s wheat balance sheet did argue for a solid seasonal recovery from early Sep lows, but future rallies will work to…
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