World Wheat Markets End Flat; Egypt Seeks New Supply; Russian Floor Price to Hold?: Dec CBOT wheat ended slightly higher. Dec Paris milling wheat ended actually unchanged. Cash and futures markets worldwide have paused as clarity over Russian prices is awaited. Egypt’s GASC is seeking new supply for November arrival. Russian fob quotes sit below…
US Wheat Follows European Market Higher on Returning Demand; Needed Rain Possible in E Australia; Black Sea Stays Arid: Dec CBOT wheat rallied 10 cents on similar strength in Paris milling contracts. Fresh attacks in southern Ukraine were followed by new interest from Tunisia, and Morocco has authorized the purchase of 2 MMTs of Oct-Dec…
US Wheat Finds Support at Early Sep Lows; Australian Drought to Worsen: Wheat futures ended firm following a successful strike on Russia’s Black Sea fleet headquarters in Crimea from the Ukrainian military. Tensions remain elevated. The lack of any officially established corridor in Ukraine leaves uncertainty high. Other breaking news is lacking, but adverse weather…
US Wheat Futures Test Mid-Sept Low; Argentine Crop Health Improves; Drought’s Grip on Australia Unwavering: Wheat futures ended sharply lower in tandem with corn and beans. Black Sea wheat continues to flow into the world marketplace. Argentina’s crop this week is rated at 25% GD/EX, vs. 24% last week and vs. 14% in mid-Sep 2022.…
Wheat Recovers on Russian Commitment to Floor Price; Weather Issues are Numerous and Worsening: Wheat futures recovered as the Russian government washed out previous sales made to Egypt below the official floor price – and as it appears Russian exports must adhere to the $270/MT fob price in public tenders moving forward. This leaves EU…
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