US Wheat Futures Ease as World Cash Wheat Market Static; Dec CBOT wheat ended 1.25 cents lower in a back-and-forth trading session. The market lacked direction and corn/wheat spreading was featured. US wheat exports for the week ending September 19th were 17.5 Mil Bu, 1.5 Mil Bu less than last year, but 1.7 Mil Bu…
US Wheat Follows Soy Lower; Cash Market Unchanged Despite Flurry of Tender Activity: Dec CBOT wheat ended 3 cents lower amid late-session selling of US ag futures. US-China trade rhetoric ends the week on a pessimistic note. Otherwise, EU and Black Sea cash prices are quoted at $186-189/MT for delivery into November. Fob offers are…
US Wheat Weakens; World Weather Improving: CBOT wheat ended 1.5 cents lower on static world cash trade and a much wetter weather pattern offered to Europe and Black Sea. ARC mentions that durum prices are rallying sharply on fears of quality downgrades in the US/Canada. There are no good substitutes for durum. Rising cash durum…
Wheat Rebounds on Elevated Tender Activity, CBOT Chart Pattern: US wheat futures ended 5-8 cents higher led by short covering from funds. Algeria, Turkey and Egypt have all sought world wheat supplies this week and the boost in importer activity has offered support. However, tender results confirm that the Northern Hemisphere market remains oversupplied. Origin…
Wheat Ends Lower; US Still Expensive in World Market: Dec CBOT wheat ended 4.5 cents lower. Follow-through buying interest was lacking amid weakness in energy markets and as the world cash wheat market remains rather stagnant – and will well below US Gulf wheat offers. The attached graphic shows that the European futures market has…
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