Wheat Corrects Following Release of New Import Tenders: CBOT wheat futures ended 6-8 cents lower. Yield stabilization lies ahead for Argentina amid the coming rains. ARC notes that just half of Argentina’s crop had reached the heading stage as of last week. The recent flurry of tender activity has propped up world cash markets amid…
Wheat Extends Rally Continued Rising Russian Interior Market: Dec CBOT wheat ended 7 cents higher as world cash markets continue to add premium. US weekly export sales totaled just 15 Mil Bu vs. 19 Mil the prior week. The rally in the US continues to keep US cash wheat non-competitive outside of traditional Western Hemisphere…
Black Sea Wheat Rally Continues; Global Futures Follow: Dec CBOT wheat rallied another 12 cents on the heels of additional gains in EU & Black Sea cash markets. Aussie dryness will linger into November. Any pattern shift thereafter will not have an impact on yield potential. Private crop estimates in Australia have drifted below 17…
CBOT Wheat Rallies on Large Egyptian Purchases at Higher Price: Dec CBOT wheat rallied 6.25 cents to a $5.1325 close with KC values following closely behind. The Dec Chi/KC spread closed at an 88.25 cent premium, just below contract highs. The spot spread popped out above $1.00 Chicago premium during the expiration of September futures…
CBOT Wheat Corrects, Russian Fob Market Rises Further: Dec CBOT wheat fell 4 cents amid lacking confirmation of Chinese demand. European futures ended lower as seasonal trends there turn less bullish beyond mid-October. Russian interior prices continue to move higher. Amid ruble stability Russian domestic wheat near export terminals has rallied to the highest level…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
